{"id":49129,"date":"2024-04-15T22:51:18","date_gmt":"2024-04-15T22:51:18","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=49129"},"modified":"2024-04-15T22:51:18","modified_gmt":"2024-04-15T22:51:18","slug":"stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/","title":{"rendered":"Stock turnover ratio refers to the ratio of the average amount of stock available in the museum with"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Quantity of material used in a given period&#8221; option2=&#8221;Quantity of material purchased in a given period&#8221; option3=&#8221;Quantity of material produced in a given period&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: A. Quantity of material used in a given period.<\/p>\n<p>Stock turnover ratio is a measure of how efficiently a company manages its inventory. It is calculated by dividing the cost of goods sold by the average inventory. A higher stock turnover ratio indicates that a company is selling its inventory more quickly, which can be a sign of good management.<\/p>\n<p>The quantity of material used in a given period is the most relevant measure for calculating stock turnover ratio because it reflects the amount of inventory that is actually being sold. The quantity of material purchased in a given period is not as relevant because it includes both inventory that is sold and inventory that is held in reserve. The quantity of material produced in a given period is also not as relevant because it includes inventory that is not yet sold.<\/p>\n<p>Here is a more detailed explanation of each option:<\/p>\n<ul>\n<li>A. Quantity of material used in a given period: This is the most relevant measure for calculating stock turnover ratio because it reflects the amount of inventory that is actually being sold. A higher quantity of material used in a given period indicates that a company is selling its inventory more quickly, which can be a sign of good management.<\/li>\n<li>B. Quantity of material purchased in a given period: This is not as relevant a measure as the quantity of material used in a given period because it includes both inventory that is sold and inventory that is held in reserve. A higher quantity of material purchased in a given period does not necessarily mean that a company is selling its inventory more quickly.<\/li>\n<li>C. Quantity of material produced in a given period: This is also not as relevant a measure as the quantity of material used in a given period because it includes inventory that is not yet sold. A higher quantity of material produced in a given period does not necessarily mean that a company is selling its inventory more quickly.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Quantity of material used in a given period&#8221; option2=&#8221;Quantity of material purchased in a given period&#8221; option3=&#8221;Quantity of material produced in a given period&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-49129","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock turnover ratio refers to the ratio of the average amount of stock available in the museum with<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock turnover ratio refers to the ratio of the average amount of stock available in the museum with\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Quantity of material used in a given period&#8221; option2=&#8221;Quantity of material purchased in a given period&#8221; option3=&#8221;Quantity of material produced in a given period&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T22:51:18+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Stock turnover ratio refers to the ratio of the average amount of stock available in the museum with","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/","og_locale":"en_US","og_type":"article","og_title":"Stock turnover ratio refers to the ratio of the average amount of stock available in the museum with","og_description":"[amp_mcq option1=&#8221;Quantity of material used in a given period&#8221; option2=&#8221;Quantity of material purchased in a given period&#8221; option3=&#8221;Quantity of material produced in a given period&#8221; option4=&#8221;None of the above&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T22:51:18+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/","url":"https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/","name":"Stock turnover ratio refers to the ratio of the average amount of stock available in the museum with","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T22:51:18+00:00","dateModified":"2024-04-15T22:51:18+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/stock-turnover-ratio-refers-to-the-ratio-of-the-average-amount-of-stock-available-in-the-museum-with\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"accounting","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/accounting\/"},{"@type":"ListItem","position":4,"name":"Stock turnover ratio refers to the ratio of the average amount of stock available in the museum with"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/49129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=49129"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/49129\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=49129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=49129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=49129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}