Calculate an inventory turnover ratio


Question 1: Which of the following is not a stock exchange?

A.    NYSE
B.    NSADAQ
C.    AMEX
D.    NASD

Question 2: General Motors, ExxonMobil, Coca Cola, and IBM, are a few of the big companies listed on what stock exchange?

A.    NYSE
B.    NSADAQ
C.    AMEX
D.    CBOT

Question 3: Of the four basic financial statements, which one displays data at a moment in time vs, for a given period? (i.e. can you display this statement for all of Q1?)

A.    Income Statement
B.    Balance Sheet
C.    Cash Flow
D.    Statement of Retained Earnings

Question  4: In order to calculate an inventory turnover ratio, which two financial statements do you need?

A.    Income Statement & Cash Flow
B.    Balance Sheet & Income Statement
C.    Cash Flow and Balance Sheet
D.    Statement of RE and Income Statement

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Accounting Basics: Calculate an inventory turnover ratio
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