Which of the following businesses is likely to have the highest inventory turnover ratio?
A) jeweller.
B) music shop.
C) fish and chip shop.
D) car dealership.

Question

Quizplus · Accepted Answer

The fish and chip shop is likely to have the highest inventory turnover ratio because it sells perishable goods and therefore has a high volume of sales but low inventory levels. Jewellers, music shops, and car dealerships typically have lower inventory turnover ratios as they have higher inventory levels and less frequent purchases from customers.

Which of the Following Businesses Is Likely to Have the Highest