Inventory Turnover Can Be Calculated By

question 23

Multiple Choice

Inventory Turnover can be calculated by:

• A)Ratio of average inventory cost over cost of goods sold
• B)Ratio of cost of goods sold over average inventory cost
• C)Ratio of inventory days in stock over average inventory cost
• D)Ratio of average inventory cost over inventory days in stock

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Definitions:

Small Business Owner

An individual who owns and operates a business with a small number of employees and relatively low volume of sales.

Target Markets

Target markets are specific groups of potential customers that a business aims to reach and serve with its products or services.

Market Trends

The observable patterns or tendencies in a market or industry, indicating the direction in which a market is moving based on various indicators and data.

Market Share

The portion of a market controlled by a particular company or product.