A change in the average inventory turnover period from 58 days to 76 days means that inventory is:

Question

Quizplus · Accepted Answer

The increase in inventory turnover period from 58 days to 76 days indicates that the inventory is being sold more slowly. This means that the company is holding onto its inventory for a longer period of time, which could be due to various factors such as slower sales, lower demand for its products, or inefficient inventory management.

A Change in the Average Inventory Turnover Period from 58