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Author Question: When comparing inventory turnover ratios, other things being equal, A) higher inventory turnover ... (Read 138 times)

storky111

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on: Jul 11, 2018
When comparing inventory turnover ratios, other things being equal,
 
  A) higher inventory turnover results from old or obsolete inventory increasing the inventory
  balance on the balance sheet.
  B) a higher inventory turnover is preferred to improve liquidity.
  C) higher inventory turnover results from an increase in the selling price of the product.
  D) a lower inventory turnover is preferred in order to keep inventory costs low.

Question 2

One additional coverage under the homeowners policy makes available up to 10 percent of the Coverage A limit to cover increased repair costs after a loss in order to comply with a stricter building code. This additional coverage is called
 
  A) ordinance or law.
  B) reasonable repairs.
  C) concurrent causation.
  D) debris removal.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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shaquita

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Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

Answer: A


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