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sergiy2304 [10]
3 years ago
15

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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Answer:

$17,000

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4 0
3 years ago
For resources to be able to meet your needs, it must have attribute known as
Bogdan [553]
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4 0
3 years ago
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olga_2 [115]

Answer:

The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.

Explanation:

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8 0
4 years ago
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Rus_ich [418]
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7 0
3 years ago
Groundswell Industries, a U.S.-based large conglomerate, competes in the hospitality, education, telecommunications, entertainme
OLga [1]

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3 years ago
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