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

---

Definitions:

Media

The main means of mass communication (broadcasting, publishing, and the Internet) regarded collectively.

Instrument Of The State

A term used to describe organizations or individuals that carry out the directives and policies of the government, often in an authoritative or regulatory capacity.

Social Change

The transformation over time in the institutions, culture, and structure of society.

Subculture

A group within society that is differentiated by its distinctive values, norms, and lifestyle.