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What is the relationship between the inventory turnover ratio and the "days of inventory"? For a...

What is the relationship between the inventory turnover ratio and the "days of inventory"? For a given amount of cost of goods sold, as inventory turnover ratio increases, the "days of inventory"

cannot be predicted to increase or decrease

increases

initially increases, then decreases

decreases

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Expert Solution

jeff jeffy answered 2 years ago
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