Flashcards
Efficiency Ratios
Cards in this deck (4)
- 1Inventory TurnoverCost Of Sales/Average Inventories
(gives the number of times inventory is depleted per year) - 2Inventory turnover (Days)365/Inventory turnover
(Presented as days) - 3Payables Days(Payables/Cost of sales) x 365
- 4Receivables days(Receivables/revenue) x 365
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- Description
- One of the four sets of ratios, efficiency ratios include inventory turnover, inventory turnover in days, receivables days and payables days
- Created by
- William McGinnigle
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