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Which of the following is true regarding the inventory turnover measure? Group of answer choices Since inventory is held on the books at cost and

Which of the following is true regarding the inventory turnover measure? Group of answer choices Since inventory is held on the books at cost and sales revenue is recorded at the price at which the goods are held in inventory, then the inventory turnover measure (as defined by our textbook) is likely inflated. Comparing two companies inventory turnover measures is not influenced by the timing of the firms fiscal years end nor by whether or not the firms sell seasonal products. Inventory turnover measures, on average, the number of days from the receipt of an item in inventory until the day it sells. Comparing two companies inventory turnover measures will be difficult if the firms use

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