The amount of capital tied up in inventory can be examined by calculating the inventory turnover ratio.
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The amount of capital tied up in inventory can be examined by calculating the inventory turnover ratio. Since inventory is recorded at cost, this ratio is calculated in relation to cost of sales, rather than to sales revenue.
Calculate the inventory turnover ratio for Chico Company (refer to Exhibit 13 if necessary).
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QUATERNARY Pursuing M.Tech.(2017-2019) in Electronics and Communication Engg. (VLSI DESIGN) from
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