Question
The Tempe Gift Shops days sales in inventory ratio for the current year is 60 days. Similar gift shops have a days sales in inventory
The Tempe Gift Shops days sales in inventory ratio for the current year is 60 days. Similar gift shops have a days sales in inventory ratio for the current year of 30 days. Which of the following statements is valid? Select one:
The Tempe Gift Shop needs to increase sales and decrease the amount of inventory on hand.
The Tempe Gift Shop has too little inventory on hand.
The Tempe Gift Shop is managing its inventory more effectively than its competitors.
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad McEvoy
2nd Edition
9781621590118
