Inventory turnover measures the number of times on average the inventory was sold during the period.

Name: Inventory turnover measures the number of times on average the inventory was sold during the period.
Brand: Quizplus
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Inventory turnover is a measure of how many times a company has sold and replaced its inventory during a certain period. It is calculated by dividing the cost of goods sold by the average inventory value over the same period.

Inventory Turnover Measures the Number of Times on Average the Inventory