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

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

Quizplus · Accepted Answer

Inventory turnover = Cost of goods sold ÷ Average inventory

Cost of Goods Sold Divided by Average Inventory Is the Formula