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10 February, 16:54

Compute the stock turnover for a product that has sales of 350 units and an average of 70 units in inventory.

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  1. 10 February, 18:03
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    stock turnover = 5

    Explanation:

    stock turnover = total sales / average inventory = 350 units / 70 units = 5

    Stock turnover is how many times a company has sold and replaced its average inventory.

    Stock turnover is a good measure of sales necromancer, the higher the stock turnover, the better the sales performance. Usually a stock turnover between 4-6 is considered healthy.
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