__________ is purchase orders divided by customer inquiries.
A) The current ratio
B) Inventory turnover
C) The conversion ratio
D) Profit margin on sales
E) Gross margin

Question

Quizplus · Accepted Answer

The given formula is for conversion ratio, which calculates how many customer inquiries are successful in converting into purchase orders. Inventory turnover, current ratio, profit margin on sales, and gross margin do not use this formula.

__________ Is Purchase Orders Divided by Customer Inquiries