Question
The inventory turnover calculation: A. is wrong unless cost of goods sold is used in the numerator B. is wrong unless sales is used in
The inventory turnover calculation:
| A. | is wrong unless cost of goods sold is used in the numerator | ||
| B. |
| ||
| C. | is an alternative way of expressing the number of days' sales in inventory | ||
| D. | requires knowledge of the inventory cost flow assumption being used |
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Global Accounting Information Systems Ais For Developing Countries
Authors: Dr. Mawududur Rahman
1st Edition
1717133207, 978-1717133205
