Question: If the inventory turnover ratio is 5, what statement is most accurate and complete? On average the company sells a product on credit 5 times
If the inventory turnover ratio is 5, what statement is most accurate and complete? On average the company sells a product on credit 5 times per year or every 73 days. On average, the company makes 5 credit sales of a product each year. On average, the company makes a credit sale of an item every 73 days. On average the company replaces an item in stock 5 times per year or every 73 days On average, the company have to replace an item in stock 5 times per year
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