FINANCIAL ACCT.FUND.(LOOSELEAF)
FINANCIAL ACCT.FUND.(LOOSELEAF)
7th Edition
ISBN: 9781260482867
Author: Wild
Publisher: MCG
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Chapter 13, Problem 10DQ
To determine

Inventory Turnover:

It refers to the measure of consumption of inventory in an organization in a particular time period. It determines the number of times inventory is sold or consumed by dividing the cost of goods sold to average inventory.

To explain: The way inventory turnover provide information about a company’s short term liquidity.

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FINANCIAL ACCT.FUND.(LOOSELEAF)

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