Articleship Assistant Interview Questions and Answers

Stock turnover is a financial ratio that measures how many times a company's inventory is sold and replaced over a period of time.

• Stock turnover is calculated by dividing the cost of goods sold by the average inventory for a specific period.

• A high stock turnover ratio indicates efficient inventory management, while a low ratio may suggest overstocking or slow sales.

• For example, if a company has a cost of goods sold of $1,000,000 and an average inventory of $200,000, the stock...read more