The inventory turnover ratio is computed by dividing the cost of goods sold by the ending inventory on hand.

A company that operates across multiple national boarders in the provision and sale of products and service is referred to as ________.

A. a conglomerate B. a international corporation C. a multination corporation D. a transnational corporation

The A/R turnover ratio increased significantly over a 2 year period. This trend could indicate that:

a. The A/R aging has deteriorated b. The company has eliminates its discount policy c. The company is more aggressively collecting customer accounts d. Customer sales have substantially decreased