Kagan Company's inventory turnover ratio was 9 times in 2015 and 8 times in 2016. Did Kagan

Question:

Kagan Company's inventory turnover ratio was 9 times in 2015 and 8 times in 2016. Did Kagan Company sell its inventory more quickly, or more slowly, in 2016 compared to 2015?

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,...