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<p><strong>(a) Average Sales,</strong></p> <p><strong>(b)Cost of Goods Sold, </strong></p> <p><strong>(c)Total Purchases,</strong></p> <p><strong> (d) Total Assets.</strong></p>
Inventory Turnover =Cost of Goods Sold / Average Inventory
B- Cost of good sold.
Cost of goods sold/ Average inventory
(b)Cost of Goods Sold,
b .......... is the answer
cost of goods sold
Cost of Goods Sold - Cost of goods sold / inventory
inventory turnover = COGS / AVERAGE INVENTORY
number of days in inventory =360/ inventory turnover
answer is ( cost of good sold )
Cogs / average inventory
Option-B (Cost of Goods Sold).
Inventory Turnover =COGS / Average inventory
Cost Of Goods Sold
