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The inventory turnover ratio measures: Multiple Choice How many days it takes to collect its sales of inventory sold on account. The times per period

The inventory turnover ratio measures:

Multiple Choice

  • How many days it takes to collect its sales of inventory sold on account.

  • The times per period the average inventory balance is sold.

  • The portion of inventory that becomes obsolete each period.

  • How many times the company purchases inventory during the current reporting period.

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