Match the words with the term.
-inventory turnover
A) cost of sales
B) trade receivables
C) operating income
D) current liabilities
E) profit for the year

Name: Match the words with the term. -inventory turnover A) cost of sales B) trade receivables C) operating income D) current liabilities E) profit for the year
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Question

Quizplus · Accepted Answer

Inventory turnover is calculated using the cost of sales (or cost of goods sold) divided by the average inventory during a period, to measure how efficiently a company manages its inventory.

Match the Words with the Term