Doubt from Reading "Working Capital Management" instead, through, reading

kim226

Hi all,

I was going through the end of reading questions from Reading 48 i.e. "Working Capital Management"

In Questions 2 & 3, for the calculation of Inventory turnover, just the Inventory Ending Balance has been considered instead of the Average Inventory i.e. (Beginning Balance + Ending Balance) / 2

Isn't this incorrect?