The number of times a company sells and replaces its merchandise inventory in one year is known as
A) inventory turnover.
B) net purchases.
C) FIFO inventory.
D) LIFO inventory.

Name: The number of times a company sells and replaces its merchandise inventory in one year is known as A) inventory turnover. B) net purchases. C) FIFO inventory. D) LIFO inventory.
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Question

​The number of times a company sells and replaces its merchandise inventory in one year is known as
A) ​inventory turnover.
B) ​net purchases.
C) ​FIFO inventory.
D) ​LIFO inventory.

Quizplus · Accepted Answer

Inventory turnover is the number of times a company sells and replaces its merchandise inventory in one year.

​The Number of Times a Company Sells and Replaces Its

The Number of Times a Company Sells and Replaces Its