Efficiency Flashcards by Archer Steele

Q

Times Inventory Turnover

A

Cost of Sales/Average Inventory

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Q

Days in Inventory

A

Average Inventory/Cost of Sales x 365

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Q

Times Debtors Turnover

A

Credit Sales/Average Accounts Receivable

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Q

Days in Debtors

A

Average Accounts Receivables/Credit Sales x 365

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Q

Activity Cycle

A

Days in Inventory + Days in Debtors

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