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The Picture Frame Shop Pty Ltd Inventory turnover ratio (extract) as at 30 June 2020 Ratio 2019 2020 Inventory turnover (days) 50 days 40 days

The Picture Frame Shop Pty Ltd Inventory turnover ratio (extract) as at 30 June 2020 Ratio 2019 2020 Inventory turnover (days) 50 days 40 days The owner of The Picture Frame Shop Pty Ltd believes that improving inventory turnover should lead to an increase in Gross Profit assuming the mark-up remains unchanged. Do you agree with the owner? Discuss

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