QUESTION 4 Which of the following is used to analyze the efficiency and effectiveness of inventory management? a. inventory turnover only b. number of days' sales in inventory only c. both inventory turnover and number of days' sales in inventory d. neither inventory turnover or number of days' sales in inventory

QUESTION 4 Which of the following is used to analyze the efficiency and effectiveness of inventory management? a. inventory turnover only b. number of days' sales in inventory only c. both inventory turnover and number of days' sales in inventory d. neither inventory turnover or number of days' sales in inventory

Name: QUESTION 4Which of the following is used to analyze the efficiency an
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Description: QUESTION 4Which of the following is used to analyze the efficiency and effectiveness of inventory management?a. inventory turnover onlyb. number of days' sales in inventory onlyc. both inventory turnover and number of days' sales in inventoryd. neit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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11 - 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.
5- A measure useful in evaluating the efficiency in managing inventories is: A. inventory turnover. B. days in inventory. C. Both ( a) and ( b).
Question 8 Which of the following is an advantage of the periodic invêntory system?| frequent physical inventory counts O cost prohibitive time consuming O real-time information for managers
Inventory Turnover Ratio shows the speed at which the inventory will be converted into sales. Select one: True False
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Which 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 inventory
What is the treatment of the following items in connection with the retail inventory method? g. Sales return h. Employee discount i. Normal and abnormal shortage, shrinkage, spoilage and breakage
Question 12 Which report shows the book (purchase or cost) value of inventory items with quantity on hand? Product/Service List O Transaction List by Inventory Item Sales by Product/Service Summary O Inventory Valuation Summary (or Detail)
I
35 Which inventory issue must be disclosed in the notes to financial statements? Price changes for customers Suppliers' net assets Average costs of inventory Transactions with related parties BOOKMARK