Practice Quiz

Veterinary Practice Manager

Category - CVPM

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If the inventory turnover rate on a bottle of Baytril 22.7 mg (150 count) is 6.66, what is the average number of days (over a period of 183 days) that the medication sits on the shelf before it is sold out?
  1. 60 days
  2. 27 days
  3. 18.3 days
  4. 20 days
Explanation
Answer: B- If the inventory turnover rate on a bottle of Baytril 22.7 mg (150 count) is 6.66, the number of days (over a period of 183 days) that the product will sit on the shelf is 27. The number of days in a period (183) is divided by the turnover rate. 183/6.66 = 27.
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