Management's use of resources can best be evaluated by focusing on measures of 19 Multiple Choice liquidity To o o o ") activity. leverage book value Type here to search Help Save & The inventory turnover calculation: Multiple Choice O is wrong unless cost of goods sold is used in the numerator. () is wrong unless sales is used in the numerator. ) is an alternative way of expressing the number of days' sales in inventory ) requires knowledge of the inventory cost flow assumption being used.