If vito, inc. has an inventory turnover ratio of 5 times, then its days to sell must be 73 days
Inventory turnover is a financial ratio that demonstrates how frequently a company sells and replaces inventory over a specific time frame. The days it takes to sell the company's inventory on hand can then be determined by multiplying the number of days in the period by the inventory turnover formula.
The better the inventory turnover, as it often indicates that a company is selling its items rapidly and that there is a big demand for them. On the other side, a low inventory turnover would probably be a sign of decreasing sales and dwindling interest in a company's goods.
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