A change in the average inventory turnover period from 83 to 59 days means that inventory is:

Name: A change in the average inventory turnover period from 83 to 59 days means that inventory is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A decrease in the average inventory turnover period (from 83 to 59 days) means that inventory is being sold more quickly. This could be due to factors such as increased demand, more efficient inventory management, or better sales techniques.

A Change in the Average Inventory Turnover Period from 83