For a merchandiser,inventory turnover refers to how many times:
A)during the period the company replaces its raw material inventory.
B)the company buys and sells its inventory.
C)the company produces and delivers its inventory of goods to customers.
D)All of the answers relate to inventory turnover.

Question

Quizplus · Accepted Answer

Inventory turnover refers to how many times a company buys and sells its inventory during a specific period. It is a measure of how efficiently the company is managing its inventory and is calculated by dividing the cost of goods sold by the average inventory during the period.

For a Merchandiser,inventory Turnover Refers to How Many Times