Solved

Oakridge Hobby Shop's Inventory Turned Over Six Times During the Year

Question 86

Multiple Choice

Oakridge Hobby Shop's inventory turned over six times during the year. Similar shops have an inventory turnover equal to twelve times per year.
What explains Oakridge's state of inventory management?


A) Oakridge sold too much inventory during the year.
B) Oakridge is performing twice as well as its competitors.
C) Oakridge needs to increase sales and decrease the amount of goods on hand.
D) Oakridge should increase the amount of goods on hand to accommodate the additional inventory demand.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions