Beverage Inventory Turnover Ratio
Beverage Inventory Turnover Ratio =Cost of Beverage ConsumedBeginning Beverage Inventory+Ending Beverage Inventory2
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This equation computes for the Beverage Inventory Turnover Ratio which is a ratio that shows how many times a company's beverage inventory is sold and replaced over a period.
Resource:
- Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
- "Inventory Turnover Definition | Investopedia." Investopedia. N.p., 24 Nov. 2003. Web. 06 Aug. 2015.
