A Moving to another question will save this response. Question 23 Which of the following statements Is CORRECT O if a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, its inventory tumover ratio wil decrease. A reduction in Inventories held would have no effect on the current ratio, An increase in Inventories would have no effect on the current ratio, wa firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase O A reduction in the inwentary turnover ratio will generally lead to an increase in the RO A Moving to another question will save this response