The number of times during a stated period (usually one year) that the average inventory on hand is sold is known as
A) stock turnover.
B) the just-in-time inventory ratio.
C) the reorder point ratio.
D) the economic order quantity.

Question

Quizplus · Accepted Answer

Stock turnover, also known as inventory turnover, measures how many times a company's inventory is sold and replaced over a period, typically a year. This metric is crucial for understanding inventory efficiency.

The Number of Times During a Stated Period (Usually One