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Amaze On's inventory turnover ratio is 6.4 compared to the industry average of 4.5. What does this indicate? Amaze On is selling inventory faster than
Amaze On's inventory turnover ratio is 6.4 compared to the industry average of 4.5. What does this indicate? Amaze On is selling inventory faster than others in the industry. Amaze On is less efficient than other companies in the industry. Amaze On collects cash from inventory faster than competitors. Amaze On is not selling inventory as fast compared to the industry average. When the selling price increases and the cost of goods sold remains the same, what else changes? The current ratio decreases The gross profit margin increases The operating expenses decrease The inventory turnover ratio increases
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