Inventory turnover is computed by dividing (p.804) a. Sales revenue by average inventory b. Cost of goods
Question:
Inventory turnover is computed by dividing (p.804)
a. Sales revenue by average inventory
b. Cost of goods sold by average inventory
c. Credit sales by average inventory
d. Average inventory by cost of goods sold
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Related Book For
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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