An auditor decides to perform an inventory turnover analysis for both raw materials inventory and finished goods inventory. The analysis would be potentially useful in:
A) Identifying products for which management has not been attuned to changes in market demand. II. Identifying potential problems in purchasing activities. III. Identifying obsolete inventory.
B) III only
C) I and II only
D) II and III only
E) I, II, and III
Correct Answer:
Verified
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