Inventory Turnover Equation
The formula for inventory turnover:
The formula for average inventory:
The average days to sell the inventory is calculated as follows:
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Famous quotes containing the word equation:
“A nation fights well in proportion to the amount of men and materials it has. And the other equation is that the individual soldier in that army is a more effective soldier the poorer his standard of living has been in the past.”
—Norman Mailer (b. 1923)