If inventory is turned over 7 times a year, the inventory turnover period in days is:
A) 52 days.
B) 7 days.
C) 70 days.
D) 19 days.

Name: If inventory is turned over 7 times a year, the inventory turnover period in days is: A) 52 days. B) 7 days. C) 70 days. D) 19 days.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The inventory turnover period in days is calculated as 365 days divided by the inventory turnover rate. So, 365 / 7 = approximately 52 days.

If Inventory Is Turned Over 7 Times a Year, the Inventory