Generally inventory turnover period is calculated as:
Sales/Inventory
Also by,
Cost of Goods Sold/ Average Inventory
Stock turnover period = Closing stock x 365 / cost of sales
Inventory turnover = cogs / avg inventory
this is a ratio used to find out how many times inventory is sold out and replaced in a company's fiscal year.
NATURE OF INVENTORYInventory are stock of the company is manufacturing for sale and components thatmake up the product. The various forms in which inventories exist in a manufacturingcompany are:1....
Resident college grad answers, gross sales minus present value.