Question

Allison robards is the owner of backstreet books, a small eclectic-style bookstore in a bustling college town. allison prides herself in selecting hard to find books and magazines that her clientele enjoy. recently, allison is experiencing a cash flow shortage, and she is concerned that she may be purchasing too many copies of each title. having recently completed a business class, you suggest to allison that she calculate the ______________ ratio for her store, and then compare it to other stores in her industry.

Answer 1

Having recently completed a business class, you suggest to Allison that she calculate the "inventory turnover" ratio for her store, and then compare it to other stores in her industry.

Inventory turnover is a ratio indicating how often an organization has sold and supplanted stock amid a given period. An organization would then be able to partition the days in the period by the inventory turnover equation to ascertain the days it takes to move the stock close by. It is determined as deals separated by normal stock. Computing inventory turnover can enable organizations to settle on better choices on valuing, fabricating runs, how to use advancements to move overabundance stock, and how and when to buy new stock. Inventory turnover may likewise be found by partitioning cost of merchandise sold with normal stock.  

Answer 2

Answer:

inventory turnover

Explanation: