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An inventory turnover ratio of 10 means that, on average, items are held in inventory for 10 days. True or False A companys return on

An inventory turnover ratio of 10 means that, on average, items are held in inventory for 10 days. True or False

A companys return on assets indicates how efficiently the company is at using its assets to generate earnings. True or False

If a firm increases its accounts payable period, other things equal, it increases the cash conversion cycle. True or False

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