INVENTORY-TURNOVER RATIO
inventory-turnover ratio.Accounting. The result of dividing the cost of goods by the average
inventory. • This calculation is used to determine the effectiveness of the company’s inventory-management policy.
[Blacks Law 8th]
inventory-turnover ratio.Accounting. The result of dividing the cost of goods by the average
inventory. • This calculation is used to determine the effectiveness of the company’s inventory-management policy.
[Blacks Law 8th]