When calculating inventory turnover, should you always calculate with COGS in numerator unless told specifically to use Sales?
Inventory turnover use COGS.
A/R uses sales.
If COGS is not provided only then you will use sales.
When calculating inventory turnover, should you always calculate with COGS in numerator unless told specifically to use Sales?
Inventory turnover use COGS.
A/R uses sales.
If COGS is not provided only then you will use sales.