Respuesta :
A higher inventory turnover ratio indicates low levels of productivity or higher efficiency.
Give a brief account on Inventory turnover.
The inventory of a company is among its most crucial components. The time it takes to turn inventory into cash has an impact on performance, thus businesses must be able to monitor this process. Inventory turnover is a metric that businesses use to gauge their performance over time and in comparison to other businesses in the same sector. Changes can be made to increase productivity and profitability if they understand how their industry stacks up against others and how long things take to sell. How quickly a company sells its goods over a given period of time is known as inventory turnover. Inventory turnover most frequently refers to an annual rate of turnover, though it is possible to quantify how quickly this occurs in a day, week, or month.
To know more about, inventory turnover, visit :
https://brainly.com/question/14921067
#SPJ4
