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intro to financial accounting > chapter 5 slides > Flashcards

chapter 5 slides Flashcards

1
Q

inventory turnover ratio

A

COGS/average inventory

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2
Q

what does inventory turnover ratio measure

A

measures how efficiently a company manages its turnover and sells its product

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3
Q

days inventory “on the shelf” formula

A

365/inventory turnover

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4
Q
A
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intro to financial accounting (17 decks)

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