The inventory turnover ratio is calculated by
dividing cost of goods sold by revenues.
dividing average inventory by cost of goods sold.
dividing revenues by cost of goods sold.
dividing cost of goods sold by average inventory.
dividing revenues by average inventory.

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The Answer of The inventory turnover ratio is calculated by
dividing cost of goods sold by revenues.
dividing average inventory by cost of goods sold.
dividing revenues by cost of goods sold.
dividing cost of goods sold by average inventory.
dividing revenues by average inventory.

The Inventory Turnover Ratio Is Calculated by