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(Solved) 84. Which of the following statements is correct in regard to the importance of inventory turnover to a company's profitability? A. Most companies...


84. Which of the following statements is correct in regard to the importance of inventory turnover to a company's profitability? A. Most companies prefer to have a low inventory turnover than a high inventory turnover. B. It is sometimes more desirable to sell a large amount of merchandise with a small amount of gross margin than a small amount of merchandise with a large amount of gross margin. C. A company's profitability is affected by how rapidly inventory sells as well as by the spread between cost and selling price. D. Both B and C are correct.
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