Use the following example to calculate the ANNUAL turnover of 100mg Amoxicillin tablets, 200 per bottle. The beginning inventory count on January 1 is 150 tablets, and the ending count on December 31 is 210 tablets. The total purchases from January to June were 4 bottles, or 800 tablets. How many times was this medication turned over in the course of one year?

Question

Quizplus · Accepted Answer

This medication was turned over 8.88 times during the course of one year. Turnover is calculated by adding together the beginning and ending inventory (150 + 210= 360). This number is then divided by 2, for a result of 180. The total purchases for a six month period were 800 tablets, so this is divided by 180 (800 / 180 = 4.44). Since 4.44 is the turnover number for six months, you will need to double it in order to calculate a full year.

Use the Following Example to Calculate the ANNUAL Turnover of 100mg