Explain How the Inventory Turnover Ratio and the Days' Sales

question 114

Essay

Explain how the inventory turnover ratio and the days' sales in inventory ratio are used to evaluate inventory management.

---

Definitions:

Representation Election

A voting process used in workplaces to determine whether employees wish to be represented by a labor union.

Replacement Workers

Employees who are hired to fill the positions of workers who are unavailable to work due to reasons such as strikes or extended leave.

Production Output

The total amount of goods or services produced by a company or industry within a specific period.

Collective Bargaining

The process in which employees, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, and more.