Inventory turnover ratio = Cost of …………………..during the period ÷Cost of average inventory held during the period.

Inventory turnover ratio = Cost of …………………..during the p

1.	Inventory turnover ratio = Cost of …………………..during the period ÷Cost of average inventory held during the period.
A.	Inventory consumed
B.	minimum inventory
C.	maximum inventory
D.	none of these
Answer» B. minimum inventory

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Inventory turnover ratio = Cost of …………………..during the period ÷Cost of average inventory held during the period.

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