An increasing inventory turnover ratio indicates that: a. a company has reduced the time it takes to

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An increasing inventory turnover ratio indicates that:

a. a company has reduced the time it takes to purchase and sell inventory.

b. a company is having trouble selling its inventory.

c. a company may be holding too much inventory.

d. a company has sold inventory at a higher profit.

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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