Inventory Turnover is an activity ratio that represents the number of times a business has sold and replaced inventory during a given period. It is calculated as cost of goods sold divided by average inventory.
This is an open-access Excel template in XLSX format that will be useful for anyone who wants to work as an Accountant, Financial Analyst, Corporate Finance Practitioner, or Finance Manager.
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Inventory Turnover is among the topics included in the Corporate Finance module of the CFA Level 1 Curriculum.