The inventory turnover calculation: Multiple Choice is an alternative way of expressing the number of days' sales in inventory. is wrong unless cost of goods sold is used in the numerator. is wrong unless sales is used in the numerator. requires knowledge of the inventory cost flow assumption being used.

Textile industry in a nation is characterized by vigorous domestic rivalry. which of the following observations of this nation's international competency is most likely to be true? the nation will have access to such basic factors of textile industry as natural resources. the nation's textile firms will have a competitive advantage in international trade. the domestic customers of the textile firms will be less demanding. the nation's textile industry will lack the advanced factors that are necessary to be internationally competent.