SOFE Exam SOFA-CFE Topic 6 Question 84 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 84
Topic #: 6

[All SOFA-CFE Questions]

Which of the following is the formula for the inventory turnover?

AInventory turnover = Cost of Goods Purchased / Average Inventory

BInventory turnover = Cost of Goods Sold / Average Inventory

CInventory turnover = Cost of Goods Sold / Total Inventory

DInventory turnover = Cost of Goods Purchased / Total Inventory

Show Suggested Answer

Suggested Answer: C

by Alex at Apr 12, 2024, 11:29 AM

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17 hours ago

The formula for inventory turnover is definitely Cost of Goods Sold divided by Average Inventory. I'm sure of that!

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3 days ago

I'm not sure, but I think it's C) Inventory turnover = Cost of Goods Sold / Total Inventory.

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6 days ago

I believe it is A) Inventory turnover = Cost of Goods Purchased / Average Inventory.

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8 days ago

I think the formula is B) Inventory turnover = Cost of Goods Sold / Average Inventory.

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