Behind the Counter - What's your inventory worth?
April 15, 2013
|Putting a value on my store’s inventory has always perplexed me. Seemingly, it should be a mathematical constant. I paid $5 for an item so it should be worth $5, right? |
Unfortunately, there’s no mathematical constant to ascertain the value of a store’s inventory. Its value, or “worth,” is dependent upon the situation: Its value to the accountant, its worth to the insurance agent and its value to the owner.
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