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Inventory Turnover: A restaurant may have an inventory turnover ratio of 25 times/year but a retail store may have an inventory turnover ratio closer to
Inventory Turnover: A restaurant may have an inventory turnover ratio of 25 times/year but a retail store may have an inventory turnover ratio closer to 6 times/year. Discuss: Does this mean that the restaurant is more efficient than the retail store? Also, what other information would be helpful in this discussion
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