The average days to sell inventory is computed by dividing
A)365 days by the inventory turnover.
B)the inventory turnover ratio by 365 days.
C)net sales by the inventory turnover.
D)365 days by cost of goods sold.

Question

Quizplus · Accepted Answer

The average days to sell inventory is calculated by dividing 365 days by the inventory turnover ratio, which indicates how many times inventory is sold and replaced over a period.

The Average Days to Sell Inventory Is Computed by Dividing