Question
Which of the following is NOT associated with a high inventory turnover ratio? 1. A reduction in storage and obsolescence costs 2.Relatively short time periods
Which of the following is NOT associated with a high inventory turnover ratio?
1. A reduction in storage and obsolescence costs
2.Relatively short time periods between inventory purchases and sales
3. A drop in demand for the company's products
4. A reduction in borrowing to finance inventory purchases
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Financial Accounting A Global Perspective
Authors: Robert Libby, Patricia Libby, Daniel G Short
5th Edition
0071107746, 978-0071107747
