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    Cornerstones of Financial Accounting Study Set 3
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    Exam 6: Cost Of Goods Sold and Inventory
  5. Question
    Match the Terms with the Descriptions Provided
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Match the Terms with the Descriptions Provided

Question 226

Question 226

Multiple Choice

Match the terms with the descriptions provided.
-Measures how quickly merchandise is purchased and sold.


A) Average days to sell inventory
B) Gross margin
C) Gross profit ratio
D) Inventory turnover ratio
E) Freight-in
F) Freight-out

Correct Answer:

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