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Johnson Company has a high inventory turnover that has increased over the last year. All...

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Accounting

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Johnson Company has a high inventory turnover that has increased over the last year. All of the following statements are true regarding this situation except Johnson Company: is minimizing funds tied up in inventory. is increasing the amount of inventory on hand relative to sales. may be losing sales due to inventory shortages. has a cost of goods sold that is increasing relative to its average inventory

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