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)