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  3. which of the following statements is true? as the

Which of the following statements is true? As the inventory turnover increases, the average...

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Question

Accounting

Which of the following statements is true?

  1. As the inventory turnover increases, the average sales period decreases.
  2. The formula for the average sale period is: Average sale period = Accounts receivable turnover Inventory turnover.

Multiple Choice

Only statement I is true.

Only statement II is true.

Both statements are true.

Neither statement is true.

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