Wk 3 – Practice: Topic 9: Assessing How Well Companies ManageTheir Inventories Quick Check

Wk 3 – Practice: Topic 9: Assessing How Well Companies ManageTheir Inventories Quick CheckPoints20:Graded on Mar 05 at 22:00Your Submission:Submission20 / 20 (100.00%)Score:Grade Time:Mar 05 at 22:00Submitted On:Mar 05 at 22:00 1.Which of the following factors are used in calculating a company’s inventory turnover?oNet sales and average inventoryoCost of goods sold and average working capitaloAverage inventory and cost of goods soldoAverage accounts receivable and net sales FEEDBACK2 / 2 (100.0%) 2.Which of the following factors are used in calculating a company’s number of days’ sales ininventory?oAverage accounts payable and 365oInventory turnover and 365oAverage inventory and 365oCost of goods sold and 365 FEEDBACK2 / 2 (100.0%) 3.The two ratios that help a company measure how effectively it is managing its inventory are:oAccounts receivable turnover and number of days’ sales in inventoryoInventory turnover and number of days’ purchases in accounts payableoInventory turnover and number of days’ sales in inventoryoNumber of days’ sales in inventory and number of days’ purchases in accounts payable FEEDBACK 2 / 2 (100.0%) 4.Which ratio tells how many times a year a company is replenishing its inventory?oInventory turnoveroAccounts receivable turnoveroNumber of days’ sales in inventoryoNumber of days’ purchases in accounts payable FEEDBACK2 / 2 (100.0%) 5.Which ratio tells how long it takes a company to sell its inventory once the inventory has beenpurchased?oAccounts receivable turnoveroInventory t