Examlex
An interest rate of 12% a year is the same as 6% for 2 months.
Inventory Turnover Ratio
A financial metric that indicates how many times a company's inventory is sold and replaced over a certain period, reflecting the efficiency of inventory management.
Cost Of Goods Sold
An accounting term representing the direct expenses related to the production of goods sold by a company, including material and labor costs.
Inventory
The total amount of goods or materials a business has in stock at any given time, used for production or sales.
Accounting Information
It refers to financial data about a business or individual's economic activities, used to make economic decisions.
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