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A pharmacy has purchased 550 products over a period of 3 months. If their average inventory was 235 products in a 3 month period what was their inventory turnover rate for this period

Respuesta :

Ritmeks

Answer:

2.34

Step-by-step explanation:

A pharmacy purchased 550 products over a period of 3 months

The average inventory was 235 products during the period of 3 months

Therefore, the inventory turnover rate for this period can be calculated as follows

= 550/235

= 2.34

Hence the inventory turnover rate for this period is 2.34

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