A higher inventory ratio indicates
A. Better inventory management
B. Quicker turnover
C. Both A and B
D. None of the above
Answer: Option C
Solution(By Examveda Team)
A higher inventory ratio indicates Better inventory management and Quicker turnover.Join The Discussion
Comments ( 1 )
Related Questions on Accounting
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A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
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The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
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A high ratio implies strong sales or insufficient inventory to support sales at that rate.
It means we can't certainly say that it means better inventory management.