Inventory turnover ratio form is a document which calculates the ratios and measurements of the number of times the inventory is sold on an average. This also calculates the amount that is replaced during the concerned year. There is a particular formula which the form must accommodate. This ratio actually measures company’s efficiency in turning its inventory into sales. Its main objective is to gauge the liquidity of the stored inventory. This ratio is then compared to industry averages of that year. The inventory turnover means the company was inefficient in its conversion and a high ratio means the opposite. The form must contain provisions to record both cases.
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Inventory Turnover Ratio Form
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