The inventory turnover for three companies is as follows: - X Company: 20.24 - Y Company: 24.33 - Z Company: 18.19 Inventory turnover = (cost of goods sold / average inventory) Based on this, - than both of the other two companies. X Company is more profitable X Company is more liquid X Company is more solvent Y Company is more profitable Y Company is more liquid Y Company is more solvent Z Company is more profitable Z Company is more liquid Z Company is more solvent