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Question:
What will the inventory turnover rate be for a pharmacy if the inventory value is $255,000 and the pharmacy has sales of $3 million?
A
11.76
explanation
Answer = 11.76. Inventory turns can be calculated by dividing total sales by the inventory value or the average inventory value. Sales ($3,000,000)/ Inventory ($255,000) = 11.76 inventory turns.
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Comments
dochossam germany
2 years ago
Good
Just Patti
2 years ago
Easy to use with concise explanations. Repetition of wrong answers helps you learn.
shamara bollinger
2 years ago
Very helpful and easy to use. I do wish they switched the questions up more but still a really good app.