Question
CompanyABC has sales of $50,000 and an inventory turnover of 5. If the inventory turnover could be increased to 10, then A. cash would not
CompanyABC has sales of $50,000 and an inventory turnover of 5. If the inventory turnover could be increased to 10, then
A. cash would not be affected
B. cash would decrease by $5,000
C. cash would increase by $5,000
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
