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If Vito, Inc. has an inventory turnover ratio of 5 times, then its average days to sell inventory must be ______.

Sagot :

ayokenny2001

The average days for Vito, Inc to sell inventory must be 73 days.

What is inventory turnover ratio?

Inventory turnover is the rate that inventory stock is sold, or used, and replaced. It shows many times a company has sold and replaced inventory during a given period.

Given the above information,

Average days to sell inventory = 365 days / Inventory turnover ratio

Average days to sell inventory = 365 / 5

Average days to sell inventory = 73 days

Hence, the average days for Vito, Inc to sell inventory must be 73 days.

Learn more about inventory turnover ratio here : https://brainly.com/question/25266694

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