Which of the following is NOT TRUE about the inventory turnover ratio? Select one: O a. The ratio measures how many times average inventory was purchased and sold during the period O b. If an ice cream stand has consistently weak sales due to rainy weather, this would likely result in a low inventory tumover ratio. O c. A company's inventory turnover ratio should be compared across the years and to its competitors' inventor turnover ratios in order to conclude whether it is favorable or not. O d. A high turnover ratio typically means a company has weaker sales and declining demand for a company's product Notes