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12 Queen's Foods, Inc., a retail grocery chain, has an inventory turnover ratio of 15.7. The industry average is 16.8. The difference in these ratios
12 Queen's Foods, Inc., a retail grocery chain, has an inventory turnover ratio of 15.7. The industry average is 16.8. The difference in these ratios shows that Queen's Foods, Inc. a sells its goods more quickly than the industry average b. has lower sales than the average firm in the industry. c. carries larger inventories than the industry average. d. sells its goods at a slower rate than the industry average e. invests more in inventory per dollar of sales than the industry average
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