The inventory turnover ratio can be used to measure a company's efficiency
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: The inventory turnover ratio consists of costs of goods sold in one year divided by the average value of the inventory. If this figure is high, it indicates that the company makes good sales compared with its inventory. If it is low, it may indicate the company is not selling its inventory quickly enough.
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During the mature partnership phase of leadership making, the roles are ______.
A. scripted B. tested C. negotiated D. implied
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The owner is only allowed to withdraw cash from the business
Indicate whether the statement is true or false
The difference between goods available for sale and ending inventory is:
a. gross profit. b. cost of goods sold. c. net sales. d. net purchases.