Asked by
Jaisan Parker
on Nov 14, 2024
Verified
A successful grocery store would probably have
A) a low inventory turnover.
B) a high inventory turnover.
C) zero profit margin.
D) low volume.
Inventory Turnover
is a ratio showing how many times a company's inventory is sold and replaced over a specific period, highlighting the efficiency of inventory management.
Grocery Store
A retail store that primarily sells food, including fresh produce, meats, dairy, and other various packaged foods.
- Compute and elucidate the concepts of inventory turnover and days in inventory.
- Evaluate the consequences of controlling inventory and receivables for a company's cash flow.
Verified Answer
AA
Learning Objectives
- Compute and elucidate the concepts of inventory turnover and days in inventory.
- Evaluate the consequences of controlling inventory and receivables for a company's cash flow.