When comparing inventory turnover ratios, other things being equal,
A) higher inventory turnover results from old or obsolete inventory increasing the inventory
balance on the balance sheet.
B) a higher inventory turnover is preferred to improve liquidity.
C) higher inventory turnover results from an increase in the selling price of the product.
D) a lower inventory turnover is preferred in order to keep inventory costs low.
B
You might also like to view...
Which of the following nations is most likely to be unappealing as a place for doing business?
A. A nation that has a market-based economic system B. A nation that has a strong legal system C. A nation that has a democratic political institution D. A nation that enforces strong property rights E. A nation that has a totalitarian political system
CVR Enterprises is based in the EU country that has the greatest number of votes in Parliament. CVR Enterprises is most likely a ________ firm
A) German B) French C) British D) Italian