Which statement is correct, regarding inventory turns/turnover? Luxury brand companies should be able to maintain as low a turnover level as a grocery company. Inventory Turns/Turnover = COGS x Inventory Investment The higher the inventory turns/turnover, the less cash is tied up in inventory (cash moves faster back to the business' bank account, which is ideal for the business). The higher the inventory turns/turnover, the more cash is tied up in inventory, which is ideal for the business