The number of times during an operating period that the average dollars invested in merchandise inventory was theoretically sold out is called inventory turnover.

Name: The number of times during an operating period that the average dollars invested in merchandise inventory was theoretically sold out is called inventory turnover.
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Question

The number of times during an operating period that the average dollars invested in merchandise inventory was theoretically sold out is called inventory turnover.​

Quizplus · Accepted Answer

Inventory turnover measures how often a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management and sales performance.

The Number of Times During an Operating Period That the Average