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Please answer the following question correctly, I will rate thanks! Lopez Corp. and Gilmartin Inc. are in the same industry and are of similar size.
Please answer the following question correctly, I will rate thanks!
Lopez Corp. and Gilmartin Inc. are in the same industry and are of similar size. During 20X5, Lopez and Gilmartin had inventory turnover ratios of 12 times and 9 times, respectively. Based on this information, which of the following statements is most likely true when comparing these two companies? Select one: a. Lopez's customers are quicker at paying off their accounts receivable. b. Gilmartin's customers are quicker at paying off their accounts receivable. c. Lopez is better at managing its inventory. d. Gilmartin is better at managing its inventoryStep by Step Solution
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