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During the project, the plant was running at close to maximum capacity, meaning that everyone involved was under great stress. Nevertheless, through close collaboration and tight project management, we were able to achieve the ambitious objectives.
Joachim Metzmacher, Business Unit Head Heavy Equipment Production, ENGEL AUSTRIA GmbH

Survey 5 - Formula 2

 

Which formula is used for Inventory turnover calculation?
Cost of goods sold * Average inventory
Cost of goods sold / Average inventory
Average inventory / Cost of goods sold
(Cost of goods sold + Average inventory) / 2
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