Days' Sales in Inventory Is Calculated As

question 56

Multiple Choice

Days' sales in inventory is calculated as:

• A) Ending inventory divided by cost of goods sold.
• B) Cost of goods sold divided by ending inventory.
• C) Ending inventory divided by cost of goods sold times 365.
• D) Cost of goods sold divided by ending inventory times 365.
• E) Ending inventory times cost of goods sold.

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Definitions:

Moral Reasoning

The process by which individuals make decisions about what is right and wrong, often reflecting their values and ethical principles.

Kohlberg's Theory

A theory of moral development proposing that the process follows a series of stages, from basic obedience to complex principles of justice and human rights.

Cognitive Development

The process by which a person perceives, thinks, and gains understanding of their world through the interaction and influence of genetic and learned factors.

Piaget's Theory

A comprehensive theory developed by Jean Piaget that explains the stages of cognitive development in children, focusing on how they acquire, construct, and use knowledge.