Average number of days to inventory turnover = _______________
A) Days in a year / Inventory turnover
B) (Average inventory x Inventory turnover) / Days in a year
C) (Days in a year x Inventory turnover) / Average inventory
D) Inventory turnover x Days in a year
Correct Answer:
Verified
Q11: Current assets - Current Liabilities = _
A)
Q12: [Current Assets (Less Inventory & Prepaid Expenses)
Q13: Total Operating Expenses / Net Sales =
Q14: Operating Income / Annual Financial Expense =
Q15: Cost of Goods Sold / Average Inventory
Q17: Net Sales / Average accounts receivable =
Q18: Operating Income / Average Assets = _
A)
Q19: The primary budget for a new venture,
Q20: In a Cash Budget, usually a business
Q21: "Other" budgetary considerations include:
A) Payroll budgets
B) Advertising
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