Define inventory turnover, average collection period, and asset turnover ratio. Is it better when these measures are
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Define inventory turnover, average collection period, and asset turnover ratio. Is it better when these measures are higher or lower in value? Explain.
Asset TurnoverAsset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Inventory turnover cost of salesaverage daily inventor...View the full answer
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