Multiple Choice
Which of the following represents the correct formula for calculating raw materials inventory turnover for a manufacturer?
A) Raw materials purchased/Average raw materials inventory.
B) Average raw materials inventory/Raw materials used.
C) Raw materials used/Average raw materials inventory.
D) Ending raw materials/Raw materials used * 365.
E) Raw materials used/Beginning raw materials inventory * 365.
Correct Answer:
Verified
Correct Answer:
Verified
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