When Tri-C Corp.compares its ratios to industry averages,it has a higher current ratio,an average quick ratio,and a lower inventory turnover.What might you assume about Tri-C?

Name: When Tri-C Corp.compares its ratios to industry averages,it has a higher current ratio,an average quick ratio,and a lower inventory turnover.What might you assume about Tri-C?
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Question

Quizplus · Accepted Answer

A lower inventory turnover indicates that Tri-C has relatively high inventory levels, which could result from slow-moving or obsolete inventory.