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    Auditing Assurance Services
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    Exam 15: Audit of transaction cycles and financial statement balances I
  5. Question
    A Comparison of the Current Year's Inventory Turnover Ratio with That
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A Comparison of the Current Year's Inventory Turnover Ratio with That

Question 82

Question 82

True/False

A comparison of the current year's inventory turnover ratio with that of previous years may indicate the presence of obsolete inventory.

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