Average inventory(given inventory turnover and cost of goods sold)

Formula

Average inventory(given inventory turnover and cost of goods sold) formula
AI
average inventory
IT
inventory turnover
CGS
cost of goods sold

Formula description

In accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year.

Calculator (how to use calculator?)

Average inventory(given inventory turnover and cost of goods sold) formula
IT
CGS
AI
Precision

Formula code

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References

  1. Wikepedia:Inventory turnover.

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