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42.Suppose that an auditor has calculated the inventory turnover ratio for a client and has determined that the client ratio is a low relative to

42.Suppose that an auditor has calculated the inventory turnover ratio for a client and has determined that the client ratio is a low relative to others in the industry, meaning that the inventory is slowly moving. This primarily raises a concern to the auditor about which one of the following assertions related to inventory?

Valuation
Right
Completeness
existence

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