Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
Inventory turnover is computed by dividing average merchandise inventory by cost of goods sold. This statement is false.
Inventory turnover is the rate at which inventory stock is sold, or can be used, and can be replaced. The inventory turnover ratio is calculated by dividing the cost of goods sold by average inventory of the same period.
The inventory turnover ratio is the number of times a company has sold as well as replenished its inventory over a specific amount of time. The formula of inventory turnover can also be used to calculate the number of days it will take to sell the inventory in hand.
Inventory Turnover Ratio is defined as = Cost of Goods Sold / Avg. Inventory
To know more about inventory turnover ratio here:
https://brainly.com/question/14772105
#SPJ4
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.
