An inventory turnover ratio of 72 compared to industry, Ask an Expert

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An inventory turnover ratio of 7.2 compared to industry average of 5.1 is likely to point out that

A. The firm has higher sales than the industry average.

B. The firm is selling a product mix that includes more high margin items.

C. The firm's products are in inventory for fewer days before they are sold than is average for the industry.

D. The firm is managing its inventory inefficiently.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91145558

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