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dolphi86 [110]
3 years ago
9

The lower a firm's inventory turnover, the longer it takes the firm to collect payment on its sales. a. faster the firm collects

payment on its sales. b. faster the firm sells its inventory.c. longer inventory sits on the firm's shelves. d. smaller the amount of inventory held by the firm.
Business
1 answer:
Doss [256]3 years ago
4 0

Answer:

The answer is C. longer inventory sits on the firm's shelves

Explanation:

The Inventory turnover is the number of times inventory is sold or used during a given period of time.

The formula is:

cost of goods sold/average inventory.

A lower inventory turnover means weak sales(declining sales) and excess inventory remaining in the warehouse while a higher inventory turnover means it is taking a firm short time to sell its goods(inventory)

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A market system tends to restrict business risk to owners and investors. This results in which of the following benefits?
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3 years ago
Sapien Corporation has provided the following data for the most recent year: Sales $1,340,000 Gross margin $460,000 Net operatin
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Consider two perfectly negatively correlated risky securities, X and Y. Security X has an expected rate of return of 9% and a st
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Answer:

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