The inventory turnover is calculated as a. $\frac{\text {Net sales}}{\text { Ending Inventory Balance }}$

b. $\frac{\text { Cost of Goods Sold }}{\text { Ending Inventory Balance }}$

c. $\frac{\text { Net sales }}{\text { Average Inventory Balance }}$

d. $\frac{\text {Cost of Goods Sold }}{\text { Average Inventory Balance }}$

Question

The inventory turnover is calculated as a. $\frac{\text {Net sales}}{\text { Ending Inventory Balance }}$

b. $\frac{\text { Cost of Goods Sold }}{\text { Ending Inventory Balance }}$

c. $\frac{\text { Net sales }}{\text { Average Inventory Balance }}$

d. $\frac{\text {Cost of Goods Sold }}{\text { Average Inventory Balance }}$

Quizplus · Accepted Answer

The Answer of The inventory turnover is calculated as a. $\frac{\text {Net sales}}{\text { Ending Inventory Balance }}$

b. $\frac{\text { Cost of Goods Sold }}{\text { Ending Inventory Balance }}$

c. $\frac{\text { Net sales }}{\text { Average Inventory Balance }}$

d. $\frac{\text {Cost of Goods Sold }}{\text { Average Inventory Balance }}$

The Inventory Turnover Is Calculated as A Net sales Ending Inventory Balance \frac{\text {Net sales}}{\text { Ending Inventory Balance }} Ending Inventory Balance Net sales​