How does the Inventory Turnover and Average Inventory Calculator work?
Free Inventory Turnover and Average Inventory Calculator - Calculates inventory turnover ratio and average inventory
This calculator has 3 inputs.
This calculator has 3 inputs.
What 3 formulas are used for the Inventory Turnover and Average Inventory Calculator?
Average Inventory = (Beginning Inventory + Ending Inventory)/2
Inventory turnover ratio = Cost of Goods Sold/Average Inventory
Average days to sell the inventory = 365/Inventory Turnover Ratio
Inventory turnover ratio = Cost of Goods Sold/Average Inventory
Average days to sell the inventory = 365/Inventory Turnover Ratio
What 3 concepts are covered in the Inventory Turnover and Average Inventory Calculator?
- cost
- an amount that has to be paid or spent to buy or obtain something
- inventory
- a complete list of items such as property, goods in stock, or the contents of a building
- turnover
Inventory Turnover and Average Inventory Calculator Video
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