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Business, 20.09.2020 14:01 cocoapop

The inventory turnover ratio across companies in JABC’s industry is 2.17. Based on this information, which of the following statements is true for Johnny Appleseed Brewing Company (JABC)? Johnny Appleseed Brewing Company (JABC) is holding more inventory per dollar of COGS compared to the industry average. JABC is holding less inventory per dollar of COGS compared to the industry average.

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The inventory turnover ratio across companies in JABC’s industry is 2.17. Based on this information,...
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