Question: Consider the following common-size data for the James Lee (JL) Company: Inventory 2021 13.50% Need more information. 2022 7.80% Based on this data, which of

Consider the following common-size data for the James Lee (JL) Company: Inventory 2021 13.50% Need more information. 2022 7.80% Based on this data, which of the following statements MUST be TRUE? Inventory as a percentage of total sales has declined from 2021 to 2022. O The dollar amount of JL's inventory has declined from 2021 to 2022. O Inventory as a percentage of total assets has declined from 2021 to 2022.

Consider the following common-size data for the James Lee (JL) Company: Based on this data, which of the following statements MUST be TRUE? Inventory as a percentage of total sales has declined from 2021 to 2022. Need more information. The dollar amount of JL's inventory has declined from 2021 to 2022. Inventory as a percentage of total assets has declined from 2021 to 2022

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