the women of department planned a sale of
2000000
with a
Stock turn of 4 as the
goal.what
Should be
average
Stock Carried for
the period
Under Consideration ? may I get the solution as well
Answers
Answer:Inventory turnover is a number that tells you how quickly a retailer is selling and replacing inventory during a period of time. The number indicates how many times stock has been “turned over,” or sold and replaced, in that given time period. The higher the number, the less time stock sits on shelves — which also translates to lower holding costs.
Inventory turnover is a valuable inventory management metric for fast-growing multi-channel retailers to monitor and analyze over time. Specifically, it provides insight into how efficient your operations are and how healthy your return on investment (ROI) is.
Other terms for inventory turnover include:
Inventory turns
Inventory turnover ratio
Stock turn
Stock turnover
Step-by-step explanation: