Which of the following would explain a company’s inventory turnover ratio rising from 2.5 to 3.5?

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asked Feb 13, 2024 203k views

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TheWandererLee · Answer 1 · 2024-02-19T03:28:20+0000

The answer is that any of the above-mentioned reasons (improved sales, better inventory management, reduced inventory levels, or expiration of inventory) could explain why a company's inventory turnover ratio has risen from 2.5 to 3.5.

Which of the following would explain a company’s inventory turnover ratio rising from 2.5 to 3.5?

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