Check the expiration dates on packages like pancakes and cake mixes that have yeast which over time develop spores. Apparently, the mold that forms in old mixes can be toxic! Throw away ALL OUTDATED pancake mix, brownie mixes, Bisquick, cake & cookie mixes, etc., you have in your home.
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.
The inventory turnover ratio is calculated by dividing the cost of goods sold for the period by the average inventory for the period. For instance, if cost of goods sold was $10,000 for the quarter and average inventory was $5,000, $10,000 divided by $5,000 would equal an inventory turn ratio of 2.Two inventories per quarter means a company takes one and one-half months to use and replenish on-hand inventory.ow inventory turnovers generally mean a company is holding too much inventory compared to its sales. Decreasing inventory turnover often means sales are decreasing below expected levels, although that is not always the case.