Inventory Turnover Ratio | Formula + Calculator - Wall Street Prep
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webFeb 7, 2024 · Beginning Inventory = $60,000. Ending Inventory = $40,000. For 2021, the company’s inventory turnover ratio comes out to 2.0x, which indicates that the company has sold off its entire average inventory approximately 2.0 times across the period. Inventory Turnover Ratio = $100,000 ÷ Average ($60,000, $40,000) = 2.0x.
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