The Effect of Inventory Turnover on the Financial Performance of Medium and Large Retail Supermarkets in Kenya

Abstract

The study sought to determine the level of association between inventory turnover and financial performance of medium and large retail supermarkets in Kenya. Independent variables for this study were inventory turnover, debt ratio, firm size and liquidity. The study adopted descriptive cross sectional research design. The data to be collected included sales,cost of goods, current assets and liabilities,total assets,total liabilities,profit before interest and tax,closing inventory balance and net profit for each year......................