Bulldogs Inc. has recently calculated the inventory turnover for the currently year to be 30. In prior years, the same ratio was always lower. Which of the following statements would be the best interpretation for the reason for the ratio's change? * , O The company took fewer days to sell its inventory in the current year than in prior years. O The company purchased less inventory in the current year than in prior years. O The company had less sales in the current year than in prior years. O The company took more days to sell its inventory in the current year than in prior years.

Bulldogs Inc. has recently calculated the inventory turnover for the currently year to be 30. In prior years, the same ratio was always lower. Which of the following statements would be the best interpretation for the reason for the ratio's change? * , O The company took fewer days to sell its inventory in the current year than in prior years. O The company purchased less inventory in the current year than in prior years. O The company had less sales in the current year than in prior years. O The company took more days to sell its inventory in the current year than in prior years.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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