Donny Dell Inc. had a days in inventory of 5 (based on 365 days). The inventory turnover was:
A) 5.
B) 60.
C) 73.
D) cannot be figured without the inventory value.

Name: Donny Dell Inc. had a days in inventory of 5 (based on 365 days). The inventory turnover was: A) 5. B) 60. C) 73. D) cannot be figured without the inventory value.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The inventory turnover ratio is calculated as 365 days divided by the days in inventory. Therefore, 365 / 5 = 73.