Question

SRC in sells its inventory and an average of 43 days and clocks it's receivable and 3.6 point six days on average what is the inventory turnover rate

Answer 1

8.49 times

Step-by-step explanation:

Calculation for the inventory turnover rate

Using this formula

Inventory turnover rate =Inventory avarage days/Numbers of days in a year

Let plug in the formula

Inventory turnover rate = 365 days /43 days = Inventory turnover rate =8.49 times

Therefore the inventory turnover rate will be 8.49 times