What do the gross profit and inventory turnover ratio s tell company management about inventory?

Question:

What do the gross profit and s tell company management about inventory?
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,...