Question
You are the CEO of a clothing manufacturer. The drunken accountant (same one?) stumbles into your office and declares, the Inventory Turnover has gone up
You are the CEO of a clothing manufacturer. The drunken accountant (same one?) stumbles into your office and declares, "the Inventory Turnover has gone up 10% since last quarter. Possible stand alone explanations include all of the following except
A. COGS has gone up
B. Average Inventory has gone down
C. The price of raw materials has gone up
D. Sales have decreased
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Financial Accounting A Critical Approach
Authors: John Friedlan
3rd Edition
0070967601, 978-0070967601
