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Furthermore, what is Inventory Turnover? Inventory turnover, or the inventory turnover ratio, is the number of times a business sells and replaces its stock of goods during a given period. It considers the cost of goods sold, relative to its average inventory for a year or for any set period of time. This aspect of Inventory Turnover Ratio What It Is How It Works And plays a vital role in practical applications.
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Final Thoughts on Inventory Turnover Ratio What It Is How It Works And
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