- Calculates frequency of inventory sold on average, during a reporting period
- Generally favorable: shorter result
- Measure of: operating efficiency and working capital management
- Heavily influenced by: industry type
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Learn financial accounting using beautifully illustrated flashcards, coordinated lessons, and rich audio. Whether you are an aspiring CPA or IFRS expert, use this accountancy app to reach your goals. Even an aspiring chartered accountant or those reaching for the CPA Australia can benefit. Topics of accounting standards, equation, terms, ratios, and more are covered.
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