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Item$3$

Time Remaining $39$ minutes $15$ seconds

$00$:$39$:$15$

Which of the following statements about inventory measures is not correct?

Multiple Choice

It is rare for a company with a lower gross profit percentage to have a faster inventory turnover.

The days to sell measure can help managers make ordering decisions for inventory.

If the inventory turnover ratio increases, the days to sell measure decreases.

A higher inventory turnover ratio indicates that inventory is moving more quickly from purchase to sale.