What's it: Inventory turnover ratio is a financial ratio to show the number of times companies convert their inventory into sales during a given period. It is useful for evaluating management effectiveness in managing inventory. The
Inventory
Inventory: Type, Effect on GDP, Its Accounting Analysis
What's it: An inventory is a list of all the items that a company maintains as production inputs and items to fulfill sales. They include raw materials, work in progress, and finished goods. They are essential for two reasons. First, by converting