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An inventory turnover ratio of 1 6 . 8 compared to an industry average of 1 0 . 2 could indicate that: The firm has
An inventory turnover ratio of compared to an industry average of could indicate that:
The firm has sales comparable to the industry average
The firm is investing less in their inventories than the industry average
The firm has higher sales than the industry average
The firm is investing more in their inventories than the industry average
Both the firm is investing more in their inventories than the industry average & the firm has higher sales than the
industry average are correct.
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