1. calculation a company's inventory turnover ratio
2. Low ratio can give you an indea of how weel If its ratio is very low, it may mean the company has much more inventory than it really needs at any one time
3. Hight ratio is a high inventory turnover ratio is a little harder to interpret. It could mean the company has had unexpectedly strong sales -- a good sign.
4.You can track inventory turnover ratio change over time to see whether a company’s turnover is going up or down significantlyHowever, you would need more information about seasonal weather
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Asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity
Liabilities is in financial accounting, a liability is defined as an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.