Britt Company
Selected data from Britt Company's financial statements are provided below.
- Refer to the selected financial data for Britt Company. Assume that competitors in Britt's industry have an average inventory turnover ratio of 20.8 times in 2012. Britt's inventory turnover ratio for 2012 indicates that the company:
A) has too little inventory on hand at the end of 2012.
B) is pricing its products too low.
C) is selling its inventory much more quickly than the industry average.
D) may have problems with generating sales.
Correct Answer:
Verified
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