Kagan Companys inventory turnover ratio was nine times in 2018 and eight times in 2019. Did Kagan

Question:

Kagan Company’s inventory turnover ratio was nine times in 2018 and eight times in 2019. Did Kagan Company sell its inventory more quickly, or more slowly, in 2019 compared to 2018?

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...