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3 years ago

What is inventory turnover? Explain the effect of a high inventory turnover during the Christmas shopping season.

Business

1 answer:

charle [14.2K]3 years ago

4 0

Answer:

$\frac{Sales}{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

The inventory turnover represent how many times the company sales their inventory during the year or period of analysis.

A high inventory turnover during Christmas shopping seasons mean sales are higher. The inventory in the store is sold more times during this time.

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