Multiple Choice Questions on If the inventory turnover ratio is divided into 365 it becomes a measure of ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

If the inventory turnover ratio is divided into 365 it becomes a measure of ........

General Accounting Principles Ratio analysis 
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    If the inventory turnover ratio is divided into 365, it becomes a measure of

    Sales efficiency

    Incorrect Answer

    Average Age of Inventory

    Correct Answer

    Sales Turnover

    Incorrect Answer

    Average Collection Period

    Incorrect Answer
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    Explanation:

    Inventory turnover time period:

    Since there are 365 days in a year, simply divide 365 by your turnover ratio. The result is the average number of days it takes to sell through inventor i.e. average age of an inventory

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