The Inventory Turnover Ratio Is Calculated As

question 221

Multiple Choice

The inventory turnover ratio is calculated as:

• A) Cost of goods sold divided by ending inventory.
• B) Cost of goods sold divided by average merchandise inventory.
• C) Ending inventory divided by cost of goods sold.
• D) Sales divided by cost of goods sold.
• E) Cost of goods sold divided by ending inventory times 365.

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Definitions:

Marginalized

A condition in which an individual or group is placed in a lower or peripheral edge of society, often leading to reduced access to resources and opportunities.

Non-reproductive

Pertaining to actions, processes, or behaviors not directly related to reproduction or the production of offspring.

Subjugated

Dominated or controlled by force by another group or entity, often in a demeaning manner.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by trade, investment, and technology.