Which of the Following Is Expressed in Terms of a Percentage

question 94

Multiple Choice

Which of the following is expressed in terms of a percentage?

• A)Return on equity
• B)Current ratio
• C)Asset turnover
• D)Working capital

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Definitions:

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been purchased by customers.

Work in Process

Partially completed goods that are still in the production process at the end of an accounting period.

Manufacturer's Inventory

Includes raw materials, work in process, and finished goods held by a manufacturer, representing various stages of production.

Raw Materials Inventory

The total cost of all the components that will be used in the production of goods but have not yet been used.