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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does the Inventory Turnover Ratio measure?
💡 Hint: Look for what the ratio indicates about sales.
Question 2
Easy
What is the formula for calculating the Inventory Turnover Ratio?
💡 Hint: Remember the acronym 'COGS over AI'.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does a higher Inventory Turnover Ratio indicate?
- Lower sales
- Effective inventory management
- Increased costs
💡 Hint: Think about sales performance and inventory efficiency.
Question 2
True or False: A low Inventory Turnover Ratio suggests that a company is managing its stock effectively.
- True
- False
💡 Hint: Reflect on the implications of low turnover.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A retail store has COGS of ₹500,000 and an ending inventory of ₹100,000. If the beginning inventory was ₹80,000, what is the Inventory Turnover Ratio?
💡 Hint: Calculate average inventory first!
Question 2
Explain how a company could improve its Inventory Turnover Ratio.
💡 Hint: Consider operational changes to enhance efficiency.
Challenge and get performance evaluation