Inventory Turnover Is ______

Multiple Choice

Inventory turnover is ______.

A) a measure of how frequently a business sells its inventory in a given time period
B) calculated as the ratio of the cost of goods sold to the average manufacturing cost
C) calculated as the ratio of the cost of goods returned by customers to cost of goods sold to customers
D) calculated as the product of the cost of goods returned by customers to cost of goods sold to customers