Which of the statements below is TRUE? :
a.Inventory turnover is cost of goods sold divided by accounts receivables.
b.Receivables turnover is accounts receivable divided by sales.
c.Total asset turnover is profits divided by total assets.
d.A higher inventory turnover ratio signifies that inventory is moving faster.a

Question

10-07-2024
Business

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Which of the statements below is TRUE? :
a.Inventory turnover is cost of goods sold divided by accounts receivables.
b.Receivables turnover is accounts receivable divided by sales.
c.Total asset turnover is profits divided by total assets.
d.A higher inventory turnover ratio signifies that inventory is moving faster.a

Sagot :

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