Multiple Choice
The days-in-inventory ratio:
A) measures the length of time it takes to acquire, sell, and replace the inventory.
B) is computed by dividing the cost of merchandise sold by 365.
C) measures the length of time it takes to sell the merchandise on credit and collect the account receivable.
D) is about the same for all industries.
Correct Answer:
Verified
Correct Answer:
Verified
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