You also learned about the amount of capital tied up in inventory by looking at the inventory

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You also learned about the amount of capital tied up in inventory by looking at the inventory turnover ratio. Many nonprofit organizations do not use i in the way that corporations use it. Often the inventory in nonprofits is a supplies inventory rather than a sales inventory.

This makes the i t ratio potentially meaningless for performance measurement, too.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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