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What is the formula for the following ratios AND what do they measure? Inventory turnover Days' sales in...

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Accounting

What is the formula for the following ratios AND what do theymeasure?

Inventory turnover

Days' sales in inventory

Answer & Explanation Solved by verified expert
4.0 Ratings (668 Votes)
INVENTORY TURNOVER RATIOExplanationInventory turnover ratio is computed by dividing cost of goodssold for a certain period by average inventory for that period Itshows how many times average    See Answer
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