Inventory Turnover ratio
This query is : Resolved
27 January 2009
I just confused
Inv Turn Over Ratio= Closing stock/(Consumption for who;e year)
Whether I M correct
Inv Turn Over Ratio= Closing stock/(Consumption for who;e year)
Whether I M correct
27 January 2009
inventory TO = cost of goods sold/avg inventory
Avg inventory=opening+closing/2
cost of goods sold= openig+purchase-closing stock
oR
slaes-gross profit
Avg inventory=opening+closing/2
cost of goods sold= openig+purchase-closing stock
oR
slaes-gross profit
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