Multiple Choice
Which of the following formulas would be used to determine the inventory turnover ratio?
A) Net credit sales/Average inventory
B) Average inventory/Net credit sales
C) Cost of goods sold/Average inventory
D) Average inventory/Cost of goods sold
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q54: _ expresses a line item as a
Q64: Match the classifications of ratios with each
Q97: Last year the return on total assets
Q99: Figure 16-2.Financial statements for Grange Company appear
Q100: Miller Company had $120,000 in sales on
Q102: Which one of the following is not
Q108: Presented below are selected data from
Q112: Indicate the type of each ratio listed
Q142: Many industrial averages and figures are published
Q148: For meaningful analysis, ratios should be compared