Days' Inventory on Hand Equals the Inventory Turnover Divided by 365

question 27

True/False

Days' inventory on hand equals the inventory turnover divided by 365.

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Definitions:

Networked Together

The state or process of connecting multiple computers, systems, or devices together to share resources, data, or communications.

External Computer Networks

Networks that extend beyond a single organization, allowing for data communication between external and internal networks.

CPU

Stands for Central Processing Unit, the primary component of a computer that performs the majority of processing inside a computer to carry out commands from the software.

Computer Networks

Systems that connect multiple computers and other electronic devices to share resources and information.