Inventory Turnover is equal to cost of goods sold during a time period divided by the average inventory valued cost during the time period.

Name: Inventory Turnover is equal to cost of goods sold during a time period divided by the average inventory valued cost during the time period.
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Question

Quizplus · Accepted Answer

Inventory Turnover is calculated by dividing the cost of goods sold (COGS) by the average inventory during a specific period, indicating how many times a company's inventory is sold and replaced over that period.

Inventory Turnover Is Equal to Cost of Goods Sold During