Which of the Statements Below Is TRUE

question 34

Multiple Choice

Which of the statements below is TRUE?

• A)Inventory turnover is cost of goods sold divided by accounts receivables.
• B)Receivables turnover is accounts receivable divided by sales.
• C)Total asset turnover is profits divided by total assets.
• D)A higher inventory turnover ratio signifies that inventory is moving faster.

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Definitions:

Symbolic Interactionism

A sociological perspective that emphasizes the role of symbols and language as core elements of all human interaction.

Economic Situations

Refers to the current state of the economy in a specific region, including factors such as employment, GDP, and inflation.

Functionalism

A theoretical framework in sociology that views society as a complex system whose parts work together to promote solidarity and stability.

Food Banks

Non-profit organizations that collect, store, and distribute food to those in need, aiming to alleviate hunger.