EBK ACCOUNTING PRINCIPLES
EBK ACCOUNTING PRINCIPLES
13th Edition
ISBN: 9781119411017
Author: Weygandt
Publisher: WILEY
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Chapter 6, Problem 18Q
To determine

Inventory: It refers to the total stock of such goods or items which are held by the business organizations with the purpose of sale.

Inventory turnover: It refers to that number of times or rate at which inventory of the firm is purchased and sold during a particular time period.

To explain: The circumstances for too high inventory turnover and its negative consequences.

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