True/False
In general,it's better to have a low inventory turnover ratio than a high one,as a low ratio indicates that the firm has an adequate stock of inventory relative to sales and thus will not lose sales as a result of running out of stock.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q71: Suppose a firm wants to maintain a
Q87: Which of the following would indicate an
Q88: Exhibit 4.1<br>The balance sheet and income
Q89: A new firm is developing its business
Q90: The current and quick ratios help us
Q92: Exhibit 4.1<br>The balance sheet and income
Q93: If a firm sold some inventory on
Q94: Even though Firm A's current ratio exceeds
Q95: Safeco's current assets total to $20 million
Q96: HD Corp and LD Corp have identical