Only about ________ percent of a typical business' inventory turns over quickly.
A)20
B)40
C)60
D)80

Question

Quizplus · Accepted Answer

The typical business' inventory turnover rate is fairly low, with only about 20% turning over quickly. This means that the majority of inventory is sitting on the shelves for longer periods of time, tying up a business's cash flow and potentially leading to waste or obsolescence. Improving inventory management and turnover rate can be a key strategy for improving profitability and efficiency.

Only About ________ Percent of a Typical Business' Inventory Turns