Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Inventory Turnover Ratio shows the speed at which the inventory will be converted into sales.
Select one:
True
False
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- The answer is d, ex In a period of rising prices, the inventory method which tends to report the lowest inventory is a. FIFO. b. LISH. c. Specific identification. d. Average - cost.arrow_forward11 - Which of the following is the formula to compute inventory turnover? a) The formula is cost of goods sold / average inventory b) The formula is average net accounts receivable / one day's sales. c) The formula is net credit sales / average inventory. d) O The formula is net credit sales / average net accounts receivable.arrow_forwardPayable turnover is a measure of cost of goods sold and accounts payable. Select one: O True O Falsearrow_forward
- An increase in the inventory turnover rate is indicative of: Multiple Choice a decrease in the cost of goods sold. a decrease in the supply of inventory. an increase in the supply of inventory. an increase in sales revenue.arrow_forwardWhich method results in a balance sheet valuation of inventory method farthest away from its economic value? Select one: a. FIFO b. LIFO c. Weighted Average PreviousSave AnswersNextarrow_forwardHow should accounting be able to catch up with the high sales return rates, particularly on inventory management?arrow_forward
- Define Inventory Turnover? Explain what the results mean and provide an example.arrow_forwardEnding inventory is added to Total Goods Available for Sale when computing for Cost of Goods Sold. True Falsearrow_forwardCompared to using the weighted average cost method to account for inventory, during aperiod in which prices are generally rising, the current ratio of a company using the FIFOmethod would most likely be:A. lower.B. higher.C. dependent upon the interaction with accounts payable.arrow_forward
- imcomplete i still need Inventory turnoverCurrent ratio Quick ratio Fixed charge coveragearrow_forwardWhich one of the following statement indicates the Inventory turnover ratio? Select one: a. How quickly company prepared its inventory b. How quickly company converts its inventory into cash c. How quickly company purchases its inventory d. How quickly company sells its inventoryarrow_forwardUnder which inventory cost flow assumption is the cost of the most recent purchase matched first with sales revenues? Select one: A. FIFO B. Weighted average cost C. LIFOarrow_forward
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