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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1070 |
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This ratio measures how many times a company's inventory has been sold and replaced during the year. The BBC inventory turnover ratio is 7.89. Once I got that figure, I divided that by 365 days to get 46.3, which is the average sales period. The average sale period shows the number of days being taken on average to sell the entire inventory...
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The average sale period shows the number of days being taken on average to sell the entire inventory. An average sale period should be anywhere between 10 to 90 days. The 46.3 days that was calculated seems to be an excellent place to be, especially for a beer company because it can produce, bottle and transport product on-site...
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