Does increasing a firm's inventory turnover ratio increase its profitability? Why should this ratio be computed using
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Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...
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Yes it could By increasing the turnover the company is really reducing ...View the full answer
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Related Book For 
Fundamentals Of Financial Management
ISBN: 9780273713630
13th Revised Edition
Authors: James Van Horne, John Wachowicz
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