Torrence Inc

question 44

Multiple Choice

Torrence Inc. has recently calculated the inventory turnover for the current year to be 30. In prior years, the same ratio was always lower. Which of the following statements would be the best interpretation for the reason for the ratio's change?

• A) The company had less sales in the current year than in prior years.
• B) The company purchased less inventory in the current year than in prior years.
• C) The company took fewer days to sell its inventory in the current year than in prior years.
• D) The company took more days to sell its inventory in the current year than in prior years.

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Definitions:

Materials

Substances or components used in the production or manufacturing of goods.

Mathematical Scheduling

The use of mathematical models and algorithms to plan and allocate resources effectively to tasks over time, in order to optimize productivity and efficiency.

High-Tech Nerve Centre

A centralized location equipped with advanced technological and communication tools to monitor, control, and manage operations.

Rapid Rescheduling

The quick adjustment and rearrangement of production or work schedules in response to changes in demand or supply.