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ʎddɐɥ ʎddɐɥ
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7 years ago
The following comparison is presented for Couch, Inc. to the industry averages:
   Industry
   Couch, Inc.   Averages
   Current ratio   1.7   1.2
   Quick ratio   .6   .8
   Net sales to working capital   12.0   25.0
   Receivables turnover   4.0   7.6
   Inventory turnover   4.8   6.2
What conclusion can be drawn when comparing Couch's inventory turnover to the industry average?
A) Couch is selling its inventory quicker than the industry average.
B) Couch's turnover of its inventory is quicker than the industry average.
C) Couch has less inventory to total assets than the industry average.
D) Couch has less inventory to cost of sales than the industry average.
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hol23hol23
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#1
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7 years ago
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ʎddɐɥ Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
missnoname
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Yesterday
Thanks
patod1
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2 hours ago
Thanks
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