Inventory turnover indicates how:
A)quickly inventory is received from the supplier after the order is placed.
B)many days it takes the inventory to travel between the seller's warehouse and the buyer's warehouse.
C)rapidly inventory is sold.
D)many days it takes from the time an order is received to the day it is shipped.

Question

Quizplus · Accepted Answer

Inventory turnover measures how quickly a company sells its inventory within a given period. It's an efficiency ratio that shows how effectively inventory is managed by comparing the cost of goods sold with the average inventory level.

Inventory Turnover Indicates How