If the business carries an inventory of $10,000 and its overall net revenue is $160,000, inventory turnover is sixteen times per year.

Name: If the business carries an inventory of $10,000 and its overall net revenue is $160,000, inventory turnover is sixteen times per year.
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Quizplus · Accepted Answer

Inventory turnover is calculated by dividing net revenue by inventory. In this case, $160,000 / $10,000 = 16 times per year.

If the Business Carries an Inventory of $10,000 and Its