The Inventory Turnover and Current Ratio Are Related

question 82

True/False

The inventory turnover and current ratio are related.The combination of a high current ratio and a low inventory turnover ratio, relative to industry norms, suggests that the firm has an above-average inventory level and/or that part of the inventory is obsolete or damaged.

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Definitions:

Geo-Location Programs

Applications or services that use geographical data and location tracking to provide relevant content, advertisements, or features based on the user's location.

Influence Tactic

Strategies or methods used by individuals or organizations to persuade or induce others to follow, agree with, or support their interests or positions.

Authority

In the context of web content, denotes the level of trustworthiness and expertise a site or page has in its specific area or industry.

Shopping Companion

A friend, family member, or device that accompanies someone during shopping, potentially influencing their purchasing decisions.