Question
Days' sales in inventory: a.Is also called days' stock on hand. b.Focuses on average inventory rather than ending inventory. c.Is used to measure solvency. d.Is
Days' sales in inventory:
a.Is also called days' stock on hand.
b.Focuses on average inventory rather than ending inventory.
c.Is used to measure solvency.
d.Is calculated by dividing cost of goods sold by ending inventory.
e.Is a substitute for the acid-test ratio.
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Accounting In Business
Authors: R. J. Bull
5th Edition
0408014865, 978-0408014861
