Question
Good Enough Brake's, are manufacturers of okay car brakes.Recently Good Enough took a write-down on their inventory included in this period's COGS.Arguably, which one of
Good Enough Brake's, are manufacturers of okay car brakes.Recently Good Enough took a write-down on their inventory included in this period's COGS.Arguably, which one of the following is true:
Group of answer choices
Previous periods' Inventory was higher than it should have been; and this period's Inventory Turnover is lower than it should be
Previous periods' Current Ratio was higher than it should be while this periods is lower than it should be
Previous periods Total Asset Turnover was larger than it should have been; current period's Total Asset turnover is lower than it should be
Previous periods Gross profit was lower than it should have been; and the Current Period's gross profit is higher than it should be
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