[Anonymous]

I had this question … when you are making an analysis for a month

calculating # of days in inventory :

how do you calculate the Inventory turnover ratio ?

is it ((Cost of goods Sold for the month)*12 ) / (Avg. Inventory)

and after that 365 / Result ?

Or another way ! i was asked this by a student and Damn ! i didnt know the answer … ” i was substituting in a class”

[Anonymous]

Come on guys ! A forum Full of CPA's wont answer this question ! Come on ! 😀 >

[Author]

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