Assets are real accounts that are presented in the face of a financial statement, particularly in the statement of financial position. It is classified as either current (cash, accounts receivable, inventory) or non-current (property, plant, and equipment)....
If the inventory turnover ratio is.7, what is the average number of days the inventory is in stock() A. 36 days. B. 52 days. C. 25 days. 相关知识点: 试题来源: 解析 B Average Inventory Processing Period=365/inventory turnover=365/7=52 days....
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Inventory:Inventory represents one of the income generation sectors for a company and its shareholders. Raw materials, work in progress and finished goods are the main classes of business inventory.Answer and Explanation: Become a member and unlock all Study Answers Start today. Try it now ...
What is meant by the term service level in accounting? With the use of a numerical example, explain the meaning of the term "cash operating cycle" and its significance in relation to working capital management. Describe the steps of the accounting cycle. ...
Definition:Days’ sales in inventory is an inventory management ratio that measures the number of days inventory will be in stock at the current sales levels. In other words, if the company keeps selling inventory at the same rate, the days’ sales in inventory will measure how many days it...
In accounting, the term aging is often associated with a company’s accounts receivable. Accounts receivable arise when a company provides goods or services and allows the customer to pay 10 or 30 days later. If some customers do not honor the terms of the sale, the company can experience ...
Days inventory outstanding (DOI) is the average number of days it takes for inventory to be sold. DOI is also known as Inventory Days of Supply or Days in Inventory. DOI is an important key performance indicator (KPI) and calculation in sales andinventory managementas it indicates the turnov...
What Is the Meaning of Turnover in Business? There are several different business turnover ratios used, such as accounts receivable inventory, asset, portfolio, and working capital. These turnover ratios are how quickly the company replaces them. ...
Inventory turnover ratio is a financial ratio showing how many times a company turned over itsinventoryin a given period. A company can then divide the days in the period, typically afiscal year, by the inventory turnover ratio to calculate how many days it takes, on average, to sell its...