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.
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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