Which measure(s) is(are) useful in evaluating the efficiency in managing inventories? 1. Inventory turnover
2. Days in inventory

Name: Which measure(s) is(are) useful in evaluating the efficiency in managing inventories? 1. Inventory turnover 2. Days in inventory
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Quizplus · Accepted Answer

Inventory turnover measures how often inventory is sold and replaced over a period, indicating efficiency. Days in inventory calculates the average number of days it takes to sell the inventory, also reflecting management efficiency.

Which Measure(s) Is(are) Useful in Evaluating the Efficiency in Managing