1 Do not soak pans in soapy water; the coating can retain a soap flavor. 2  When you want to remove stains from nonstick cookware, mix 2 tablespoons baking soda with 1 cup water and 1/2 cup liquid bleach. 3  Boil the solution in the pan for several minutes until the stains disappear, then wash as usual.
Inventory Turnover Ratio. Inventory turnover is an efficiency ratio which calculates the number of times per period a business sells and replaces its entire batch of inventories. It is the ratio of cost of goods sold by a business during an accounting period to the average inventories of the business during the period.
Apply the formula to calculate the inventory turnover ratio. Once you know the COGS and the average inventory, you can calculate the inventory turnover ratio. Using the information from the above examples, in this 12 month period, the company had a COGS of $26,000 and an average inventory of $6,000.