Fielding Corporation Has Managed to Reduce Its Inventories to Half

True/False

Fielding Corporation has managed to reduce its inventories to half of its prior year total by implementing just-in-time inventory concepts. The significant reduction has led to a higher inventory turnover. Fielding is worried about stock outs and is considering reinvesting in inventory. Fielding should look to industry averages before making a commitment to spend more on restocking their inventory.