Audrea 503 Views June 17, 2017, 06:48:56 AM Question Solved Share Tweet Cost of goods sold divided by value of average daily goods on hand is known as a. a profitability ratio. b. return on investment. c. inventory turnover. d. a liquidity ratio. e. return on equity. Santos June 17, 2017, 06:59:38 AM #1 Answer C Alexa June 17, 2017, 07:03:12 AM #2 You are a true friend.