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Dividing ending inventory by cost of goods sold and multiplying the result by 365 is the:

User Lornova
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This is the day's sales in inventory. This measure allows the company to have a ratio that determines how quickly it can turn over its inventory and gain sales from it. The lower the ratio, the faster (and more efficiently) a business is at getting inventory turned into cash, and the less likely it is to leave inventory sitting in the stockroom or on the sales floor, waiting to be sold.
User Kim Larsen
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