Question: Inventory turnover is calculated as: A ) Inventory / Sales B ) Sales / Inventory C ) Inventory Cost of Goods Sold D ) Inventory

Inventory turnover is calculated as:
A) Inventory / Sales
B) Sales / Inventory
C) Inventory Cost of Goods Sold
D) Inventory / Total assets

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Which of the following is the formula to calculate a firm's inventory turnover ratio? a. Inventory Turnover = Sales Inventory b. Inventory Turnover = Cost of goods sold Inventory c. Inventory...

Q:

Need some assistance finishing the excel document please !! (: (provided screenshots of the excel document, formulas, and statements for both companies) You are a bank loan manager and you have have...

Q:

Download the financial statements for Buckle a small retail clothing store. Find investor relations choose SEC filling downsload the PDF for 2023 10K annual reports and complete the ratio for 2023...

Q:

MYL Company K.S.C.P. Al Amounts in KWD Relance Sheet 2018 2015 2020 Harta Analyse Intry Average 11 TOON O 20.0 SARAN 117 ta 4 Assets 5 Cash & Short Term restents 7 Accounts Receivable Totalmente 9...

Q:

There is a lot of conversation about Target being new wave and more profitable while Walmart is dull and getting obsolete. This project is an attempt to explore the profitability of these firms. You...

Q:

le IC 16-1 Selected Ratios: SKI and Industry Average SKI Industry Current Debt/assets Turnover of cash and securities Days sales outstanding (365-day basis) Inventory turnover Fixed assets turnover...

Q:

STATEMENTS OF FINANCIAL POSITION ( NESTLE 2 0 2 2 ) Assets Non - current assets Property, plant and equipment 1 , 6 6 9 , 3 1 6 Right - of - use assets 1 8 4 , 5 8 3 Intangible assets 6 2 , 1 8 3...

Q:

Question 5 (20 marks) You are the Senior Credit Officer at your bank. Miss Simpson. your Junior Credit Officer, has presented the following projected data supplied by The Newly Corporation, a small...

Q:

Content what you say (13/15) Professionalism how you say it (1/15) Visual appeal how it looks. (1/15) You should have received an email from me with your assigned company name. You cannot select your...

Q:

complete the balance sheet + e out of the financial data that follows. You are to complete the balance sheet provided. 1 Current Ratio: 1.8 2 Total Asset Turnover: 1.5X 3 Days Sales Outstanding: 36.5...

Q:

Upon the birth of his first child, Dick Jones decided to establish a savings account to partly pay for his son's education. He plans to deposit $20 per month in the account, beginning when the boy is...

Q:

Assume that you are the Manager of the Finance Department of a for-profit hospital. The hospital has been approached by a major employer in your market area, an international airport, to negotiate a...

Q:

You invest monthly for 4 2 0 consecutive months. Your rate of return is 1 0 % and your balance at the end of 4 2 0 months is $ 1 million. What sum did you invest every month?

Q:

Describe how total variable costs and unit variable costs behave with changes in the level of activity. If fixed costs increase, what would be the impact on the contribution margin and income from...