Post Utme Caleb University 2021 Commerce Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2021 Commerce Objective / Multiple Choice
Question 12 POST_UTME_CALEB_UNIVERSITY • 2021 • COMMERCE • objective

In a warehouse, the inventory turnover ratio is calculated as the cost of goods sold divided by the average inventory. What is the formula for this ratio?

Answer Options

Correct Answer A. \frac{COGS}{Average Inventory}
B. \frac{Average Inventory}{COGS}
C. \frac{COGS + Average Inventory}{2}
D. \frac{COGS - Average Inventory}{2}
Correct Answer
A
Correct Option:
\frac{COGS}{Average Inventory}

About This Question

This is Post Utme Caleb University 2021 Commerce Question 12. It is one of the objective questions from the 2021 Post Utme Caleb University Commerce examination.

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