Inventory Turnover - LIFO
2011 = $43,578/ (14,544+$9,587)÷2 = $43,578/$12,065.50 = 3.61
Inventory Turnover - FIFO
2010 = $43,731/(16,966+$12,162)÷2 = $43,731/$14,564 = 3.00
Inventory Turnover - LIFO
2010 = $30,367/($9,587+$6,360)÷2 = $30,367/$7,973.50 = 3.81
Inventory Turnover - FIFO
2010 = $30,814/($12,162+$9,382÷2 = $30,814/$10,772 = 2.86.
John Deere Inventory Ratio -
LIFO - 5.90
FIFO - 4.20.
Inventory refers to all the items, goods, goods, and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. A car is treated as an asset.
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