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Ratios: Average Days in Inventory
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Problem 9
Problem 10
Ratios: Average Days in Inventory
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14. Financial Statement Analysis / Ratios: Average Days in Inventory / Problem 10
Problem 10
What does a higher inventory turnover ratio imply about average days in inventory?
A
It implies higher average days in inventory.
B
It has no implication on average days in inventory.
C
It implies lower average days in inventory.
D
It implies higher costs of goods sold.
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