Examlex
Select the correct description for each of the abbreviations.
-FSH
Merchandise Inventory
Products that a company holds in stock with the intent to sell as part of its business operations.
Cost of Goods Sold
Costs incurred directly from the production of goods a company markets, including both materials and workforce expenses.
Days' Sales
A financial ratio that measures the average number of days a company takes to convert its inventory into sales.
Inventory Turnover
A financial metric measuring the rate at which a company sells and replaces its stock of goods during a particular period.
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