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Which of the Following Is the Correct Formula for Calculating

Question 47

Multiple Choice

Which of the following is 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:

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