Inventory turnover is always calculated over a specific period of time this can be anything from a single day to a fiscal year even the entire lifespan of the business. However, inventory turnover can't be an instantaneous snapshot of a business's performance. While it's possible to define the value of a business's inventory at any specific moment, cost of goods sold is meaningless as an instantaneous value, so a specific length of time must be chosen. Let's follow along with an example problem as we proceed through this section. Say that we own a coffee wholesaler company. For our example problem, let's choose a time span of one year of this coffee company's operation. In the next few steps, we'll find the inventory turnover for this one-year period. After defining a time period, your first step is to find your cost of goods sold (or "COGS") during this period. COGS represents the direct cost of creating your goods. Usually, this means the manufacturing cost of your goods plus any labor costs directly related to manufacturing them. COGS doesn't include costs like shipping and distribution that aren't directly related to the creation of the goods. In our example, let's say that we had a high-yield year for coffee, having spent $3 million on seeds, pesticides, and other expenses related to growing coffee beans and $2 million on labor costs from cultivating the seeds. In this case, we could say our COGS is $3 million + $2 million = $5 million. Next, divide COGS by your average inventory value during the time period you're analyzing. Your average inventory is the average monetary value of all of the goods you have sitting on warehouses and on store shelves that haven't been sold during a given time period. The simplest way to find this is to add your starting inventory value for the time period you chose to your ending inventory value and divide by two. However, using additional data points in between can give you a more accurate value for your average. If you use more than two data points, add all of the values together, then divide by the number of data points to find your average. Let's say that, in our example, at the beginning of the year we had $0.5 million worth of coffee beans stored as inventory in our warehouses. At the end of the year, we had $0.3 million worth of beans. (0.5 million + 0.3 million)/2 = an average of $0.4 million in inventory. Next, divide COGS by average inventory to find our inventory turnover. In our example, COGS is $5 million and average inventory is $0.4 million, so our inventory turnover for the year is $5 million/$0.4 million = 12.5. This quantity is a ratio and has no units. If you don't have the time to run through the standard equation described above, this shortcut can give you an approximate value for your turnover inventory. However, most businesses prefer to avoid using this equation as its results can be inaccurate. Since sales are recorded at the cost offered to consumers but inventory is recorded at lower wholesale costs, this equation can make your inventory turnover look higher than it actually is. As a general rule, this equation should only be used for quick estimates use the one above for serious tasks. In our example, let's say we totaled $6 million in sales over the last year. To find inventory turnover with the alternative equation above, we would divide this by the ending inventory listed above $0.3. $6 million/$0.3 million = 20. This is significantly higher than the value of 12.5 we obtained with the standard equation.
++++++++++
One-sentence summary -- Choose a time period for your calculation. Find your cost of goods sold for the time period. Divide your COGS by your average inventory. Use the formula Turnover = Sales/Inventory only for quick estimates.

Q: This is especially important when selecting a bra. A good fitting bra helps to shape your silhouette and you're your chest contained. Wearing the wrong size bra can create cutting lines that dig into your skin and cause your bust to spill out from the top. Consider getting your bra size professionally measured at the women's section of a department store. Wearing underwear that is too small can create bulges and panty lines that can be seen through pants and other garments. Consider purchasing seamless underwear in your correct size. While thin bikini bottoms and thongs prevent panty lines, they cover the bare minimum and offer no lift or support. Try boy shorts, briefs, and other styles that help pull in your buttocks, stomach, and thighs. These cuts can help create a tighter, smoother appearance. If you want extra help creating a shapely figure and keeping your excess weight in check, try a body shaping undergarments. These undergarments can slip over your stomach, thighs, chest, arms, and rear and help prevent these areas from jiggling around too much. You may find this option a little excessive for daily wear, but it is especially helpful for special occasions. " Control-top hosiery works extremely well to keep your midsection flat, especially when wearing dresses and skirts. Control top hosiery has a tall, thick layer at the top hem designed to stretch over your stomach and keep everything in place. This creates a smoother look that will make your dress or skirt look more flattering.
A: Wear undergarments that fit. Avoid undergarments that offer no support. Try body-slimming undergarments. Consider wearing nylon stockings with a "control top.

Article: Allow a little extra slack in your speaker wire in case you measure wrong or if you ever need to move your speakers in the future. If you plan to run your speaker wire behind your walls or ceiling, safety code requires you to use CL2 or CL3 UL-rated speaker wire. The Underwriters Laboratory (UL) examines the heat generated from the wire, how quickly the speaker wire might catch fire when exposed to a flame and how prone the wire is to damage if it encounters external stresses to set this rating. If you plan to run speaker wire outdoors, you'll need speaker wire that's rated for direct burial. The AWG (American Wire Gauge) number identifies the gauge, or the thickness, of a speaker wire. Use 16 gauge if you need fewer than 80 feet (24 meters) of speaker wire. Use 14 gauge if you need 80 feet to 200 feet (61 meters) of speaker wire. Use 12 gauge if you need more than 200 feet of speaker wire. You might connect with bare wires, pin connectors, banana plugs, spade connectors or dual banana plugs. Some high-end brands of speakers, like Bose, do not have standard connectors for speaker wire or audio cables. Contact the company to find speaker wire or audio cabling that's compatible with those speakers.
Question: What is a summary of what this article is about?
Run a string from your amplifier to your speaker locations to determine how much speaker wire you need. Consider the gauge of speaker wire required for the job. Identify the type of connector required for your speakers.