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Below are selected financial information for COTY, Inc. 12-Months Ending Selected Financial June 30, 2020 June 30, 2019 June 30, 2018 Cost of Sales (COS)
| Below are selected financial information for COTY, Inc. | ||||||
| 12-Months Ending | ||||||
| Selected Financial | June 30, 2020 | June 30, 2019 | June 30, 2018 | |||
| Cost of Sales (COS) | 1,991.2 | 2,498.5 | 2,718.2 | |||
| Inventory | 678.2 | 858.9 | 1,148.9 | |||
| Requirements | ||||||
| a. Please explain what information is communicated by the Inventory Turnover? | ||||||
| b. Please compute and analyze the Inventory Turnover in times and days for | ||||||
| FY 2019 and FY 2018. | ||||||
| c. Make one recommendation for improvement/efficiency based on your analysis. | ||||||
| Formulas | ||||||
| Inventory Turnover (time): | COS / Average Inventory | |||||
| Inventory Turnover (days): | 365/Inventory Turnover (time) | |||||
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J Hughes
9th Edition
0073382329, 9780073382326
