Which measure(s) is(are) useful in evaluating the efficiency in managing inventories?
1. Inventory turnover
2. Days in inventory

Question

Which measure(s) is(are) useful in evaluating the efficiency in managing inventories? 
1. Inventory turnover
2. Days in inventory

Quizplus · Accepted Answer

Inventory turnover measures how often inventory is sold and replaced over a period, indicating efficiency. Days in inventory shows the average number of days inventory is held before being sold, also reflecting efficiency. Both are useful for evaluating inventory management efficiency.

Which Measure(s) Is(are) Useful in Evaluating the Efficiency in Managing