Use the following information for Jones Inc. FY 2018 Revenue ...............................................$1,000,000 Cost of Goods Sold ................................. 500,000 Total Operating Expenses .......................300,000 Tax ...............................................................70,000 Net Income ..............................................130,000   The net profit margin ratio for Jones Corporation for 2018 is: (A) 10% (B) 13% (C) 7% (D) 50%   The operating profit margin ratio for Jones Corporation for 2018 is: (A) 50% (B) 14% (C) 20% (D) 7%

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.