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If the inventory turnover ratio decreased from 8 times to 6 times in a company that has had no inventory audit issues before, which of
If the inventory turnover ratio decreased from 8 times to 6 times in a company that has had no inventory audit issues before, which of the following could have caused it?
options:
A substantial increase in obsolete inventory
An unusually large sale of inventory at year-end, causing delays of inventory shipments to other customers
A reduction of inventory from it normal average
An increase in accounts receivable
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