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

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

Quizplus · Accepted Answer

Days in inventory is calculated by dividing 365 days by the inventory turnover ratio to determine how many days it takes for a company to turn its inventory into sales.

Days in Inventory Is Calculated by Dividing 365 Days by