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    Financial Accounting Study Set 1
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    Exam 13: Measuring and Evaluating Financial Performance
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    If Cost of Goods Sold Remains Unchanged,an Increase in the Inventory
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If Cost of Goods Sold Remains Unchanged,an Increase in the Inventory

Question 3

Question 3

Multiple Choice

If cost of goods sold remains unchanged,an increase in the inventory turnover ratio is indicative of a(n) :


A) reduction in the cost of goods sold.
B) decrease in inventory.
C) increase in inventory.
D) increase in sales revenue.

Correct Answer:

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