The Inventory Turnover Ratio Is Represented by Which of the Following

question 3

Multiple Choice

The inventory turnover ratio is represented by which of the following formulas?

• A)Net credit sales / average inventory
• B)Average inventory / net credit sales
• C)Cost of goods sold / average inventory
• D)Average inventory / cost of goods sold

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Definitions:

Inhibition

The psychological process that restrains or suppresses an impulse, desire, or behavior.

Obesity

A medical condition characterized by excess body fat accumulation, posing significant health risks.

Family Meals

Meals that are prepared and eaten together by members of the family, fostering bond and communication among them.

Screen Time

denotes the amount of time spent using devices with screens such as smartphones, computers, and televisions, often concerning health and wellbeing discussions.