Multiple Choice
The formula for the average inventory turnover period in days is:
A) (Average inventory held/Cost of sales) × 365.
B) Average inventory held/Sales.
C) Cost of sales/Average inventory.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: The most important reason for holding cash
Q4: Working capital is a measure of a
Q5: A firm has annual credit sales of
Q7: Calculate the operating cash cycle if the
Q8: Which statement concerning the just-in-time inventory management
Q11: Calculate the operating cash cycle in days
Q17: Which statement concerning working capital is not
Q23: Which statement concerning the operating cash cycle
Q54: Which of the following is not one
Q64: Which statement concerning trade credit is not