Some articles on average inventory cost, average, inventory cost:
... For example ($100,000 annual profit) / ($25,000 average inventory cost) = GMROII of 4.0 ($8,000 July profit) / ($25,000 average inventory cost) = GMROII of 0.32 ($4,00 ... The formula is Average Weekly GMROII = (Profits for the total time period) / (Sum of each week ending inventory cost value) ...
Famous quotes containing the words cost and/or average:
“The one regret I have about my own abortions is that they cost money that might otherwise have been spent on something more pleasurable, like taking the kids to movies and theme parks.”
—Barbara Ehrenreich (b. 1941)
“The average educated man in America has about as much knowledge of what a political idea is as he has of the principles of counterpoint. Each is a thing used in politics or music which those fellows who practise politics or music manipulate somehow. Show him one and he will deny that it is politics at all. It must be corrupt or he will not recognize it. He has only seen dried figs. He has only thought dried thoughts. A live thought or a real idea is against the rules of his mind.”
—John Jay Chapman (18621933)