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What is Inventory Turnover Calculation Guide about?

This document provides instructions for calculating inventory turnover. It lists the steps as: 1) dividing the yearly cost of goods sold by 52 weeks, 2) using the inventory from the balance sheet, 3) dividing line 2 by line 1 to get the number of weeks of inventory in-house at year end, and 4) dividing 52 by line 3 to get the number of times inventory turned over during the year.

Author

Lowell Harper

Language

EN