In calculating inventory turnover, why is cost of goods sold used as the numerator? As the inventory
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In calculating inventory turnover, why is cost of goods sold used as the numerator? As the inventory turnover increases, what increasing risk does the business assume?
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Cost of goods sold is used for two reasons first cost must be used rather than retail value be...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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