The inventory turnover for Haute Hippie has gone from an average of 9.94 times to 10.57 times
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Question:
The inventory turnover for Haute Hippie has gone from an average of 9.94 times to 10.57 times per year. How does this affect the inventory period? Assume 365 days per year.
Multiple Choice
- Decrease of 2.41 days.
- Decrease of 2.19 days.
- Increase of 2.01 days.
- Increase of 2.19 days.
- Decrease of 2.01 days.
Related Book For
Conceptual Physical Science
ISBN: 978-0134060491
6th edition
Authors: Paul G. Hewitt, John A. Suchocki, Leslie A. Hewitt
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