The phrase inventory turns refers to:
A) the stock of inventory returned to a manufacturer due to poor quality.
B) also known as gross-profit margin turnover.
C) the number of times an inventory item moves within a warehouse.
D) the time it takes a product to be replaced by a newer model or upgraded product.
E) the number of times inventory is sold or used during a specific period.

Question

Quizplus · Accepted Answer

Inventory turns refer to the number of times inventory is sold or used in a specific period, indicating the efficiency of inventory management and the speed at which a company can move its products.

The Phrase Inventory Turns Refers To