Inventory Turnover Is Calculated As

question 63

Multiple Choice

Inventory turnover is calculated as:

• A) average inventory for the period / cost of goods sold
• B) cost of goods sold / average inventory for the period
• C) gross margin for the period / average inventory for the period
• D) average inventory for the period / gross margin for the period

Gain skills in developing effective questionnaires for research.

Develop the ability to define the scope and statement of purpose for research reports.

Comprehend the importance of fact-based conclusions in data interpretation.

Identify common errors in data interpretation and learn strategies to avoid them.

---

Definitions:

Demand Curve

A chart depicting how the price of an item correlates with the amount of that item consumers are ready and capable of buying at different price levels.

Marginal Cost

The extra cost involved in producing one more unit of a product or service.

Cartel

An association of independent companies or organizations formed to control production, pricing, and marketing of goods to suppress competition.

Perfectly Competitive

A market structure where there are many buyers and sellers, goods are homogeneous, and there is free entry and exit in the market.