Question: Inventory turnover is calculated by: -COGS / Average Inventory quantity of units -COGS / Average Inventory on hand at cost -Net Income / Average Inventory

Inventory turnover is calculated by:

-COGS / Average Inventory quantity of units

-COGS / Average Inventory on hand at cost

-Net Income / Average Inventory quantity of units

-Net Income / Average Inventory on hand at cost

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