In Scenario 8-2 above,after analyzing the inventory turnover ratio,you determined that
A) Denny has a problem because this number is so high.
B) Denny is turning his inventory over too much.
C) Denny is not turning his inventory over enough to be profitable.
D) Denny is keeping his inventory current,which is positive due to the nature of his business.

Question

Quizplus · Accepted Answer

A high inventory turnover ratio indicates that Denny is efficiently managing his inventory, keeping it current, which is beneficial for his business.

In Scenario 8-2 Above,after Analyzing the Inventory Turnover Ratio,you Determined