The Average Number of Times a Company's Inventory Is Sold

question 123

Multiple Choice

The average number of times a company's inventory is sold during an accounting period,calculated by dividing cost of goods sold by the average inventory balance,is equal to the:

• A)Accounts receivable turnover.
• B)Inventory turnover.
• C)Days' sales uncollected.
• D)Current ratio.
• E)Price earnings ratio.

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Definitions:

SPN

Short for Suspect Parameter Number, a code used in the J1939 protocol to identify specific functions or faults in vehicle systems.

J1939

J1939 is a set of standards used in the heavy-duty trucking industry for communication and diagnostics among vehicle components, facilitating efficient data sharing and control among the engine, transmission, and other systems.

DTC

Diagnostic Trouble Code, a specific code that indicates the nature of a problem detected in a vehicle's systems or components.

SAE J1939 Data Bus

A vehicle data bus standard developed by the Society of Automotive Engineers (SAE) for communication among vehicle components, primarily in heavy-duty vehicles.