Business, 22.04.2020 15:16 NeNe323

Last year, Cool Lope, Inc. had an inventory turnover rate of 6.8. This year, the turnover rate is 7.1. Based on this information, you know the:

a. Firm’s inventory level is higher this year than it was last year.

b. Firm’s sales decreased from last year to this year.

c. Days’ sales in inventory decreased from last year to this year.

d. Average time it takes to sell inventory has increased.

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Last year, Cool Lope, Inc. had an inventory turnover rate of 6.8. This year, the turnover rate is 7....

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