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Average inventory
Formula
AI
average inventory
Bi
beginning inventory
Ei
ending inventory
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.
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Bi
Ei
AI
Precision
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Formula code
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AI = (Bi+Ei)/2
AI = (Bi+Ei)/2
AI = (Bi+Ei)/2
AI = (Bi+Ei)/2
AI = (Bi+Ei)/2
\mbox{AI}=\frac{\mbox{Bi}+\mbox{Ei}}{2}
$AI = ($Bi+$Ei)/2
References
Wikepedia:Inventory Turnover Equation.
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