Fundamentals of Financial Manageme...
Solutions
Fundamentals of Financial Manageme...
Why would the inventory turnover ratio be more important for someone analyzing a grocery store chain than an insurance company?
To explain: The reason for inventory turnover ratio being more important in analyzing a grocery store chain than an insurance company.
Financial Ratio Analysis: Financial ratio analysis is one of the tools of financial analysis of a firm. It represents the relationship between two or more items of the financial statement.
- Insurance company deals in sale of insurance policies. So, they don’t require inventory turnover ratio.
- Grocery store have to maintain a wide variety of products, therefore, they need to know the capacity of the firm to convert its inventory into sales.
Formula to calculate inventory turnover ratio:
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