![Inventory turnover ratio = ____ / ____](https://www.gkseries.com/blog/wp-content/uploads/2022/04/Inventory-turnover-ratio-____-____.png)
Q. Inventory turnover ratio = ____ / ____.
A. Beginning inventory, total goods sold
B. Average inventory at cost, ending inventory
C. Cost of goods sold, average inventory at cost
D. Total goods sold, cost of goods sold
Answer: Cost of goods sold, average inventory at cost