Which of the following is the result of cost of sales divided by average inventory?
A)Rate of inventory turnover
B)Current ratio
C)Gross profit percentage
D)Debt ratio

Name: Which of the following is the result of cost of sales divided by average inventory? A)Rate of inventory turnover B)Current ratio C)Gross profit percentage D)Debt ratio
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Question

Quizplus · Accepted Answer

The rate of inventory turnover is calculated by dividing the cost of sales by the average inventory, indicating how efficiently inventory is managed.

Which of the Following Is the Result of Cost of Sales