Match each of the following terms with the appropriate definition.
-An estimate of days needed to convert the inventory at the end of the period into receivables or cash.
A)Conservatism constraint
B)Inventory turnover
C)Net realizable value
D)Retail inventory method
E)Days' sales in inventory
F)Weighted average inventory method
G)Interim statements
H)LIFO method
I)FIFO method
J)Specific identification method

Question

Quizplus · Accepted Answer

Days' sales in inventory is a measure of the average number of days a company takes to sell its inventory, indicating how quickly inventory is converted into receivables or cash.

Match Each of the Following Terms with the Appropriate Definition