What do you mean by inventory turnover, Accounting Basics

Assignment Help:

Q. What do you mean by Inventory turnover?

Inventory turnover -- a ratio which indicates amount of inventory a company uses tosupport a given level of sales. Formula is: Inventory Turnover = Cost of Sales ¸ AverageInventory. Numerous businesses have numerous general turnover levels. Ratio is significantin comparison with the ratio for previous periods or ratio for similar businesses.


Related Discussions:- What do you mean by inventory turnover

Cost sheet-orientation, Cost sheet is sheet Where all the cost should be re...

Cost sheet is sheet Where all the cost should be recorded which related to the produc.

Accounting equation, Ower invested cash in the company along with equipment...

Ower invested cash in the company along with equipment at market value, the amount is considered part of capital or revenues?

Joint venture accounts, explain the separate set of books method for mainta...

explain the separate set of books method for maintaining joint venture accounts

Assess the solvency of a business, Identify and explain the two ratios that...

Identify and explain the two ratios that are used to assess the solvency of a business.

Altona company, The balance sheet account as of July 31, 1995 for altona co...

The balance sheet account as of July 31, 1995 for altona company are as follows: Capital: (fix lib)                  35,630 Office Equipment (ass)         16730 Delivery Truck

Determining entries for January, Received $170,000 cash from Electronic Art...

Received $170,000 cash from Electronic Arts, Inc. for service revenue earned in January.

Accounting in india, procedure followed in government system of accounting ...

procedure followed in government system of accounting in india

What do you mean by account, Q. What do you mean by account? An account...

Q. What do you mean by account? An account is a division of the accounting system used to classify and summarize the decreases, increases and balances of each liability, asset,

Prepare financial statements, Accounting information systems' output is req...

Accounting information systems' output is required by external and internal users for decision making. you are required to use the following trial balance to prepare financial stat

061689 bussines accounting and you all i need detail, 061689 bussines accou...

061689 bussines accounting and you All i need detail how to do it i watch video but im not understanding if anybody have more specific explanation details

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd