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23-01-2020
Business

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The number of days' sales in inventory is one means of expressing the relationship between the cost of goods sold and inventory.TrueFalse

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ewomazinoade ewomazinoade

23-01-2020

Answer:

True

Explanation:

Day sales of inventory =

(Cost of goods sold / Average inventory) × 365

The days of sales inventory thus expresses the relationship between the cost of goods sold and inventory.

I hope my answer helps you

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