The number of times that inventory is sold in a one year period is referred to as average inventory.

Name: The number of times that inventory is sold in a one year period is referred to as average inventory.
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The number of times that inventory is sold in a one year period is referred to as inventory turnover, not average inventory. Average inventory refers to the average value of inventory held during a specific time period.

The Number of Times That Inventory Is Sold in a One