The following information is provided for three different companies: A, B, and C: Required Calculate the inventory

Question:

The following information is provided for three different companies: A, B, and C:

Required
Calculate the inventory turnover ratio and days in inventory ratio for each company. How do the companies compare?

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...