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QUESTION THREE (8 MARKS) A business analyst believes that capital utilisation (as measured by inventory turnover) has a direct effect on a company's earnings yield.

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QUESTION THREE (8 MARKS) A business analyst believes that capital utilisation (as measured by inventory turnover) has a direct effect on a company's earnings yield. To examine this belief, the analyst randomly surveyed nine JSE-listed companies and recorded their inventory turnover and their earning yield. Inventory Turnover Earnings Yield 3 10 5 12 4 13 15 10 co f 16 13 10 Compute and interpret the strength of the association between inventory turnover and earnings yield using the ranked coefficient method.(8)

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