From the following data for the year ended 31 December 2009, calculate the inventory turnover ratio of two items, and put forward your comments on them:
|
Material X |
Material Y |
|
|
Opening stock (1 January 2009) |
20,000 |
18,000 |
|
Purchasing during the year |
1,04,000 |
54,000 |
|
Closing stock (31 December 2009) |
12,000 |
22,000 |