The Inventory Turnover

question 102

Multiple Choice

The inventory turnover

• A)reflects how many times, on average, that the inventory balance was sold during the year.
• B)is increased when accounts receivable increases.
• C)is decreased if inventory balances decrease from the beginning of the year to the end of the year.
• D)is improved if cost of goods sold decrease and inventory balances increase from one year to the next.

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Definitions:

Inferior Mesenteric Vein

A vein that drains blood from the lower part of the large intestine and rectum into the portal vein.

Gastrosplenic Vein

A blood vessel that carries blood from the stomach and spleen towards the heart.

Inferior Phrenic Vein

Veins that drain blood from the diaphragm into the inferior vena cava or the left suprarenal vein.

Axillary Vein

A vein that accompanies the axillary artery and drains the upper limb and the lateral aspect of the thorax and breast.