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53. Which of the following statements regarding inventory measures is not true? It is rare for a company with a lower gross profit percentage to
53.
Which of the following statements regarding inventory measures is not true?
It is rare for a company with a lower gross profit percentage to have a faster inventory turnover.
The days to sell measure can help managers make ordering decisions for inventory.
A higher inventory turnover ratio indicates that inventory is moving more quickly from purchase to sale.
If the inventory turnover ratio increases, the days to sell measure decreases.
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