Question 1
What does inventory turnover measure in a business?
Question 2
Which formula is used to calculate inventory turnover?
Question 3
If a business has $Cost\ of\ goods\ sold = $120{,}000$ and $Average\ inventory = $30{,}000$, what is its inventory turnover?
Question 4
What does a high inventory turnover usually suggest?
Question 5
What is a possible disadvantage of very low inventory turnover?
