The Days' Sales in Inventory Ratio Is Computed by Dividing

question 113

True/False

The days' sales in inventory ratio is computed by dividing ending inventory by cost of goods sold and multiplying the result by 365.

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Definitions:

Serial List

involves remembering or recognizing a sequence of items in the order they were presented.

Recall

The act of retrieving information or memories from the past, which are stored in the brain.

Method Of Loci

An ancient mnemonic technique that involves visualizing items to be remembered along a familiar path or location to enhance memory recall.

Retrieval

The process of getting something back, or accessing information stored in the memory.