Answer Posted / chetanaroopa
Stock turnover ratio or inventory turnover ratio means a
considerable amout of capital tied up in financing the raw
material,work in progress and finished goods. It is
importent to ensure that the level of stocks kept as low as
possible,consistent with need to fulfil customer's orders
in time
stock turnover ratio= cost of goods sold
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avg inventory
avg inventory=(opening stock+closing stock)/2
| Is This Answer Correct ? | 4 Yes | 2 No |
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