Calculate the ITR for each of the given years

Year COGS Inventory ITR

$20164,225,000875,000$ 

$20175,890,0001,200,000$ 

$20186,100,5001,210,000$ 

$20196,234,0001,190,000$ 

Comparing ITR of $2016$ with the ITR of $2019,$ has inventory productivity become better or worse?

What is the percentage difference in ITR, $2019$ versus $2016?$

 

Answer rating: 100% (QA)

To calculate Inventory Turnover Ratio ITR you can use the formula ITR COGSAve... View the full answer