Cost of Goods Sold/average Inventory Is the Formula for Which

question 76

Multiple Choice

Cost of goods sold/average inventory is the formula for which of these analytical measures?

• A)Number of day's sales in inventory
• B)Inventory turnover
• C)Return on investment
• D)Debt to assets ratio

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Definitions:

Buying Mode

The approach or process that consumers adopt when making a purchasing decision, often influenced by factors such as product type and buying situation.

Sales Presentation

A speech or demonstration given to potential customers to persuade them to purchase a product or service.

Accounting System

A structured process of recording, summarizing, and reporting the financial transactions of a business to provide insights into its financial health.

Sales Presentation

A pitch or demonstration given by a salesperson to persuade a potential client or customer to purchase a product or service.