Cost of goods sold/average inventory is the formula for which of these analytical measures?
A)Number of day's sales in inventory
B)Inventory turnover
C)Return on investment
D)Debt to assets ratio

Question

Quizplus · Accepted Answer

Inventory turnover is: COGS/average inventory. Number of days in inventory is 365/inventory turnover. Return on investment is NI/average total asset, and debt to assets ratio is total liabilities/total assets.

Cost of Goods Sold/average Inventory Is the Formula for Which