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Calculate Inventory Turnover ratio for the following years tell which company is performing well: Particulars 2018 2019 2020 2021 Opening stock 10,000 15,000 8,000 15,000

Calculate Inventory Turnover ratio for the following years tell which company is performing well:

Particulars 2018 2019 2020 2021

Opening stock 10,000 15,000 8,000 15,000

Closing stock 8,000 18,000 12,000 10,000

Sales $200,000 $155,000 $170,000 $199,000

Purchases $400,000 $450,000 $300,000 $250,000

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