Thoroughly and completely explain Invention ii. Distinguish between invention as a process and invention as a result and give 2
1 answer:
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Answer:
Inventory TurnOver 8.35
Days outstanding 43.71
Average days outstanding 21.86
Explanation:
Inventory TO 8.35
This means the inventory is being sold 8.35 times during the year
Days on Inventory 43.71
The entire inventory is being replaced every 43.71 days
If we assume the batch is sold uniformly over those days
then the haverage wil lbe half of the days outstading:
43.71 / 2 = 21,855 = 21.86