Of these businesses the one that is likely to have the highest inventory turnover ratio is a:
A) fish shop.
B) music shop.
C) car dealership.
D) jeweller.

Question

Quizplus · Accepted Answer

A fish shop is likely to have the highest inventory turnover ratio because fish is a highly perishable item that needs to be sold quickly before it goes bad. Therefore, the fish shop will need to constantly sell and replenish their stock, resulting in a high inventory turnover ratio. In contrast, music shops, car dealerships, and jewelers are likely to have a lower inventory turnover ratio as their products are not as perishable and may take longer to sell.

Of These Businesses the One That Is Likely to Have