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The inventory turnover ratio: Is used to analyze profitability. a. Is used to measure solvency. b. Reveals how many times a company sells its merchandise

The inventory turnover ratio:

Is used to analyze profitability.

a. Is used to measure solvency.

b. Reveals how many times a company sells its merchandise inventory during a period.

c. Reveals how many days a company can sell inventory if no new merchandise is purchased.

d. Calculation depends on the company's inventory valuation method.

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