If an inventory turnover is divided into 365, it becomes a measure of ________.
A) financial efficiency
B) the average age of the inventory
C) sales turnover
D) the average collection period

Question

Quizplus · Accepted Answer

When inventory turnover is divided into 365, it results in the average age of the inventory, indicating how many days on average the inventory stays in stock before being sold.

If an Inventory Turnover Is Divided into 365, It Becomes