Ask Question
11 April, 07:48

Compute the stock turnover for a product that has sales of 350 units and an average of 70 units in inventory.

+3
Answers (1)
  1. 11 April, 08:06
    0
    stock turnover = 5

    Explanation:

    stock turnover = total sales / average inventory = 350 units / 70 units = 5

    Stock turnover is how many times a company has sold and replaced its average inventory.

    Stock turnover is a good measure of sales necromancer, the higher the stock turnover, the better the sales performance. Usually a stock turnover between 4-6 is considered healthy.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Compute the stock turnover for a product that has sales of 350 units and an average of 70 units in inventory. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers