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Business, 20.02.2020 01:55 azaz1819

In a comparison of 20X2 to 20X1, Neir Co.'s inventory turnover ratio increased substantially although sales and inventory amounts were essentially unchanged.

Which of the following statements explains the increased inventory turnover ratio?

a. Accounts receivable turnover increased.

b. Gross profit percentage decreased.

c. Total asset turnover increased.

d. Cost of goods sold decreased.

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Answers: 1

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In a comparison of 20X2 to 20X1, Neir Co.'s inventory turnover ratio increased substantially althoug...
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