Explain how to calculate a business' inventory turnover. Is a high inventory turnover good or bad? Why?

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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Question Posted: Mar 02, 2024 11:01 PM

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Explain how to calculate a business' inventory turnover. Is a high inventory turnover good or bad? Why?

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Inventory turnover is a financial ratio that measures how many times a companys inventory is sold an...View the full answer

Accounting Information For Business Decisions

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