Which of the Following Is the Correct Formula to Calculate

question 102

Multiple Choice

Which of the following is the correct formula to calculate inventory turnover?

• A) Inventory turnover = Cost of goods sold / Average merchandise inventory
• B) Inventory turnover = Cost of goods sold × Average merchandise inventory
• C) Inventory turnover = Cost of goods sold + Average merchandise inventory
• D) Inventory turnover = Cost of goods sold - Average merchandise inventory

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed.

Sensorimotor Stage

The first stage in Piaget's theory of cognitive development, where infants learn through interacting with their environment, developing motor coordination and knowledge of the world.

Concrete-Operational Stage

A stage in Piaget's theory of cognitive development where children, usually aged 7 to 12, develop logical thinking but are not yet capable of abstract thought.

Preoperational Stage

The second Piagetian developmental stage, which lasts from about 2 to 7 years of age, when children begin to represent the world with words, images, and drawings.