Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints
Section: Chapter Questions
Problem 8DQ: One reason for inventory is to prevent shutdowns. How does the JIT approach to inventory management...
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Question
What does a very high inventory turnover ratio signify? Please provide your own example to explain your point.
Expert Solution
Step 1
Inventory turnover ratio is one of the efficiency ratio, which says and calculates how many times inventory is sold or replaced during a particular period.
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