Supply Chain Management Professional (SCMP) · Question
Which of the following is a common metric used to measure inventory turnover?
Inventory turnover measures how many times inventory is sold or used in a given period, calculated as Cost of Goods Sold divided by Average Inventory.
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Question: Which of the following is a common metric used to measure inventory turnover?
Answer options: ✅ Cost of Goods Sold / Average Inventory.
- Sales Revenue / Total Assets.
- Gross Profit / Sales Revenue.
- Current Assets / Current Liabilities.
Correct answer: Cost of Goods Sold / Average Inventory.
Explanation: Inventory turnover measures how many times inventory is sold or used in a given period, calculated as Cost of Goods Sold divided by Average Inventory.
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