What Is the Formula for Inventory Turnover

question 77

Multiple Choice

What is the formula for inventory turnover?

• A) annual cost of goods sold / average inventory in dollars
• B) annual sales / average inventory in dollars
• C) average inventory in dollars / annual cost of goods sold
• D) average inventory in dollars / annual sales
• E) annual cost of goods sold / annual holding cost

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Definitions:

Social Phenomena

Events, behaviors, or structures within society that are observable and influence or are influenced by various societal factors.

Product And Design

The process of creating and developing a new product to meet market demand, including aspects of aesthetics, functionality, and usability.

Promotional Methods

Various strategies and approaches used by businesses to communicate the benefits of their products or services to their target audience.

BrandDynamics Model

A framework used in marketing to assess and predict consumer loyalty and brand strength over time.