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Which of the following statements is true? As the inventory turnover increases, the average sales period decreases. The formula for the average sale period is:
Which of the following statements is true?
- As the inventory turnover increases, the average sales period decreases.
- The formula for the average sale period is: Average sale period = Accounts receivable turnover Inventory turnover.
Multiple Choice
Only statement I is true.
Only statement II is true.
Both statements are true.
Neither statement is true.
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