The Average Number of Times a Company's Inventory Is Sold

question 123

Multiple Choice

The average number of times a company's inventory is sold during an accounting period,calculated by dividing cost of goods sold by the average inventory balance,is equal to the:

• A)Accounts receivable turnover.
• B)Inventory turnover.
• C)Days' sales uncollected.
• D)Current ratio.
• E)Price earnings ratio.

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Definitions:

Nested Case-Control

A study design used within a cohort study, where a subset of participants with a specific outcome is compared to a subset without the outcome from the same cohort.

Recall Bias

A systematic error caused by differences in the accuracy or completeness of the recollections retrieved by study participants.

Economical

Related to economics or economy, often used to describe something that is cost-effective or does not waste resources.

Controls

Subjects or groups in a study or experiment that are used as a standard of comparison for checking the results of a survey or experiment.