Question
The inventory turnover ratio is seven. The industry average is fifteen. They said that you have an inventory management problem because of too much inventory.
The inventory turnover ratio is seven.
The industry average is fifteen.
They said that you have an inventory management problem because of too much inventory.
Give a possible reason to why this may not be an inventory management problem.
Note that inventory may include 3 types of inventory.
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Accounting Information Systems Controls And Processes
Authors: Leslie Turner, Andrea B Weickgenannt, Mary Kay Copeland
4th Edition
1119577810, 9781119577812
