what is the formula of inventory ratio
Answers
Answered by
1
Hey, mate here is your answer》》
To calculate the inventory turnover ratio, cost of goods sold is divided by the average inventory for the same period. Average inventory is used in the ratio because companies might have higher or lower inventory levels at certain times in the year.
Hope this answer will help you..《《
To calculate the inventory turnover ratio, cost of goods sold is divided by the average inventory for the same period. Average inventory is used in the ratio because companies might have higher or lower inventory levels at certain times in the year.
Hope this answer will help you..《《
Similar questions
Physics,
6 months ago
Math,
11 months ago
Social Sciences,
11 months ago
Physics,
1 year ago
Social Sciences,
1 year ago
Math,
1 year ago