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
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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
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