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1. Which financial efficiency measurement is the difference between Current Assets and Current Liabilities?
Working Capital Turnover.
2. If the inventory turnover number of days goes down over a 3 month period, but the value of inventory did not change, what must have happened?
The sales during the preceding three months were up as compared to the three months before that.
The sales during the preceding three months were up as compared to a year before.
The sales are trending down month over month during the past six months.
3. What two financial items are used to calculate the Receivables Turnover?
Accounts Receivable and the value of the last 12 months of sales.
The value of receipts from suppliers and the value of the inventory on hand.
Cash on Hand and the value of the last 12 months of sales.
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