Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ……………………held during the period

Inventory turnover ratio = Cost of inventory consumed during theperiod

1.	Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ……………………held during the period
A.	Average inventory
B.	minimum inventory
C.	maximum inventory
D.	none of these
Answer» B. minimum inventory

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Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ……………………held during the period

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