Transcription of Inventory Turnover - Michigan Ross
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Inventory Turnover - Michigan Ross
Reality Check Computing Inventory Turnover InventoryAverageCOGST urnoverInventory= 2/)622,214,1164,060,1(646,172,1+= Hint: See page 5-7 for financial statement data. Inventory Turnover The Inventory Turnover ratio is a common measure of the firm s operational efficiency in the management of its assets. As noted earlier, minimizing Inventory holdings reduces overhead costs and, hence, improves the profitability performance of the enterprise. Ideally the Inventory Turnover ratio would be calculated as units sold divided by units on hand.
Olin’s reported inventory turnover rate of 11.97 is, on its face, impressively high – especially when compared to those of other manufacturing companies illustrated in
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