Practice Quiz

Veterinary Practice Manager

Category - CVPM

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Use the following example to calculate the ANNUAL turnover of 100mg Amoxicillin tablets, 200 per bottle. The beginning inventory count on January 1 is 150 tablets, and the ending count on December 31 is 210 tablets. The total purchases from January to June were 4 bottles, or 800 tablets. How many times was this medication turned over in the course of one year?
  1. 2.22 times per year
  2. 4.44 times per year
  3. 6.66 times per year
  4. 8.88 times per year
Explanation
Answer: D- This medication was turned over 8.88 times during the course of one year. Turnover is calculated by adding together the beginning and ending inventory (150 + 210= 360). This number is then divided by 2, for a result of 180. The total purchases for a six month period were 800 tablets, so this is divided by 180 (800 / 180 = 4.44). Since 4.44 is the turnover number for six months, you will need to double it in order to calculate a full year.
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