What is the inventory turnover?
A)8.48 times
B)0.7 times
C)10.49 times
D)10.5 times

Question

Quizplus · Accepted Answer

Inventory turnover is calculated by dividing the cost of goods sold (COGS) by the average inventory. The correct answer, 8.48 times, suggests that the company's inventory is sold and replaced about 8.48 times over a certain period, typically a year. This figure is a performance metric that helps in understanding how efficiently a company manages its inventory.

What Is the Inventory Turnover