When comparing inventory turnover ratios, other things being ...

[storky111]

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.

[shaquita]

Answer to Question 1

B

Answer to Question 2

Answer: A