Question: octoring Enabled: Final Exam ( Help Save 8 Exit Sul 1 0 During the past two years, a firm's cost per unit and selling price
octoring Enabled: Final Exam
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During the past two years, a firm's cost per unit and selling price per unit remained constant. The firm was able to increase the quantity of goods it sells while holding the amount of inventory on hand at a constant level. Which one of the following changes in the firm's financial ratios will reflect this accomplishment?
Multiple Choice
The inventory turnover rate will decrease.
The net working capital turnover rate will decrease.
The fixed asset turnover rate will increase.
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