Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement
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Question:
Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc. Use this information to answer the following question.
A 15% increase in inventory turns for Toys by Tom, Inc. would bring this ratio to ____, suggesting ________ in ________.
A) ?109 days; a deterioration; profitability
?B) 3.9 days; a deterioration; profitability
?C) 4.8 times; an improvement; efficiency
D)?3.9 times; an improvement; efficiency
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