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The Executives of FML Group were just informed that the industry average for their inventory turnover was at 7. However, their performance came in at
The Executives of FML Group were just informed that the industry average for their inventory turnover was at 7. However, their performance came in at 15. This could be good news or bad news. As your're a recent graduate finance major, you were called in to explain each possibility. How would you find out whether it is bad news?
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