Simplify: 
Definitions:
Net Sales
The total revenue generated from sales activities after deducting returns, allowances, and discounts.
Days' Sales in Inventory
A financial ratio that indicates the average time in days that a company takes to turn its inventory into sales.
Ending Inventory
The overall value of products for sale at the close of a fiscal period.
Cost of Goods Sold
Directly associated expenditures for producing the goods a business sells, including the cost of materials and labor.
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