An increase in inventory turnover means, days in inventory
A) increases.
B) decreases.
C) remains the same.
D) cannot be determined.

Name: An increase in inventory turnover means, days in inventory A) increases. B) decreases. C) remains the same. D) cannot be determined.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

An increase in inventory turnover indicates that a company is selling its inventory more quickly. Consequently, the number of days that inventory remains unsold (days in inventory) decreases.

An Increase in Inventory Turnover Means, Days in Inventory