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If the auditor concludes that the client's inventory turnover ratio is LOWER than the industry average, this could mean that: a. inventory may be slow
If the auditor concludes that the client's inventory turnover ratio is LOWER than the industry average, this could mean that:
a. | inventory may be slow moving or obsolete | |
b. | The client's "days of inventory on hand" will be lower as well | |
c. | both of the above | |
d. | neither of the above |
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