What are the consequences for a company when its inventory turnover ratio is (a) Too high and
Question:
What are the consequences for a company when its inventory turnover ratio is
(a) Too high and
(b) Too low?
Inventory Turnover RatioInventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...
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a An inventory turnover ratio that is too high may indicate that the compan...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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