solve this problem fast pls......
Dear Student,
Inventory Turnover ratio indicates that firm is experiencing sock out and lost sales.
Reason: It means that how many times the stock is converted into sales. Higher the ratio higher will be the sales and vice versa.
Regards.
Inventory Turnover ratio indicates that firm is experiencing sock out and lost sales.
Reason: It means that how many times the stock is converted into sales. Higher the ratio higher will be the sales and vice versa.
Regards.