A company's cost of goods sold was $15,500 and its average merchandise inventory was $4,500. Its inventory turnover equals 3.4.
Answer the following statement true (T) or false (F)
True
Inventory Turnover = Cost of Goods Sold/Average Merchandise Inventory
Inventory Turnover = $15,500/$4,500 = 3.4
Business
You might also like to view...
The two-sample median test is not as powerful as the Mann-Whitney U test
Indicate whether the statement is true or false
Business
Variable costs are always relevant in decision making.
Answer the following statement true (T) or false (F)
Business
Which of the following is NOT a disadvantage of outdoor advertising?
A. wasted coverage B. relatively high cost C. difficulty in reading the message D. short exposure time E. limited space for messages
Business
The initial appearance usually takes place within how many hours after the arrest?
a. 12 hours b. 24 hours c. 48 hours d. 72 hours
Business