Post Utme Aaua 2018 Commerce Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Aaua Commerce examination.

Post Utme Aaua 2018 Commerce Objective / Multiple Choice
Question 3 POST_UTME_AAUA • 2018 • COMMERCE • objective

A warehouse's inventory turnover ratio is calculated as follows: Cost of Goods Sold / Average Inventory. What is the numerator in this ratio?

Answer Options

Correct Answer A. Cost of Goods Sold
B. Average Inventory
C. Total Assets
D. Total Liabilities
Correct Answer
A
Correct Option:
Cost of Goods Sold

About This Question

This is Post Utme Aaua 2018 Commerce Question 3. It is one of the objective questions from the 2018 Post Utme Aaua Commerce examination.

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