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What does a high inventory turnover ratio suggest?
What does a high inventory turnover ratio suggest?
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Practice Questions
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Q1
What does a high inventory turnover ratio suggest?
Slow-moving inventory
Efficient inventory management
Excessive stock levels
Low sales volume
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A high inventory turnover ratio suggests efficient inventory management and strong sales.
Questions & Step-by-step Solutions
1 item
Q
Q: What does a high inventory turnover ratio suggest?
Solution:
A high inventory turnover ratio suggests efficient inventory management and strong sales.
Steps: 4
Show Steps
Step 1: Understand what inventory turnover ratio means. It measures how many times a company's inventory is sold and replaced over a period.
Step 2: Recognize that a high inventory turnover ratio indicates that a company is selling its products quickly.
Step 3: Realize that selling products quickly means the company is managing its inventory efficiently.
Step 4: Note that strong sales contribute to a high inventory turnover ratio, meaning customers are buying the products frequently.
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