Look back at the calculation of the inventory turnover ratio. The turnover ratio can be decreased either

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Look back at the calculation of the inventory turnover ratio. The turnover ratio can be decreased either by selling [more / less] goods with the same level of inventory or by having [more / less] inventory for the same amount of sales volume.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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