Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 5DQ
Related questions
Question
What does a very high inventory turnover ratio signify? Please provide your own example to explain your point.
Expert Solution
Step 1
Inventory turnover ratio is one of the efficiency ratio, which says and calculates how many times inventory is sold or replaced during a particular period.
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