Days in inventory is calculated by dividing 365 days by
A) ending inventory.
B) average inventory.
C) beginning inventory.
D) the inventory turnover ratio.

Name: Days in inventory is calculated by dividing 365 days by A) ending inventory. B) average inventory. C) beginning inventory. D) the inventory turnover ratio.
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Question

Quizplus · Accepted Answer

Days in inventory is calculated by dividing 365 days by the inventory turnover ratio, which measures how many times inventory is sold and replaced over a period.

Days in Inventory Is Calculated by Dividing 365 Days by