All things being equal, a company would prefer:

		a lower accounts receivable turnover ratio.
		a higher accounts receivable turnover ratio.
		a lower profit margin.
		a lower inventory turnover ratio.

If a company determines cost of goods sold only at the end of the period after taking a physical inventory, it

		has better control over inventories.
		uses a perpetual inventory system.
		uses a periodic inventory system.
		uses a combination of the perpetual and periodic inventory systems.