_____ refers to the number of times per year,on average,that a retailer sells its inventory.
A) Periodic inventory
B) Carrying cost of inventory
C) Inventory reserve
D) Perpetual inventory
E) Inventory turnover

Question

Quizplus · Accepted Answer

Inventory turnover refers to the number of times per year that a retailer sells its inventory. This metric is calculated by dividing the cost of goods sold by the average inventory value during a given period. A high inventory turnover ratio indicates that a retailer is selling its inventory quickly, while a low ratio may indicate that it is holding onto inventory for too long.

_____ Refers to the Number of Times Per Year,on Average,that