If a company sells its average quantity of goods in inventory every 14.6 days, its inventory turn ratio is:

The inventory turnover ratio would be 25 times

We know that inventory turnover period is computed as;

Inventory turnover period = 365 ÷ inventory turnover ratio

Therefore,

The inventory turnover ratio  

= 365  days ÷ 14.6 days

= 25 times

It therefore means that If a company sells its average quantity of goods in inventory every 14.6 days, its inventory turn ratio is 25 times

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the  inventory turnover ratio is 25 times

Explanation:

The computation of the inventory turnover ratio is shown below:

As we know that

Inventory turnover period = 365 ÷ inventory turnover ratio

So, the inventory turnover ratio is

= 365  days ÷ 14.6 days

= 25 times

Hence, the  inventory turnover ratio is 25 times

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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