Inventory turnover:
A) is calculated by dividing accounts receivable by net sales
B) equals total assets minus current assets divided by average inventory
C) is calculated by dividing net profit by average retail inventory
D) equals net sales minus cost of goods sold divided by average turnover
E) is none of these

Question

Quizplus · Accepted Answer

The Answer of Inventory turnover:
A) is calculated by dividing accounts receivable by net sales
B) equals total assets minus current assets divided by average inventory
C) is calculated by dividing net profit by average retail inventory
D) equals net sales minus cost of goods sold divided by average turnover
E) is none of these

Inventory Turnover