13529427
Description
Flashcards by William McGinnigle, updated more than 1 year ago
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Created by William McGinnigle
almost 6 years ago
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| Question | Answer |
| Inventory Turnover | Cost Of Sales/Average Inventories (gives the number of times inventory is depleted per year) |
| Inventory turnover (Days) | 365/Inventory turnover (Presented as days) |
| Payables Days | (Payables/Cost of sales) x 365 |
| Receivables days | (Receivables/revenue) x 365 |
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