Examlex
The central processing unit (CPU) is the main processing component of a computer system.
LIFO
An inventory valuation method where the last items added to inventory are considered the first ones sold during a period of time; stands for Last-In, First-Out.
FIFO
An accounting method for inventory valuation where the first items acquired are the first ones sold, standing for First In, First Out.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency in managing stock levels.
Days' Sales
A metric that estimates the average length of time it takes for a company to convert its accounts receivable into cash.
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