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Which of the statements is true for franklin aerospace

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Reference no: EM132547773

Question 1: The inventory turnover ratio across companies in the aerospace industry is 26.6645x. Based on this information, which of the following statements is true for Franklin Aerospace?

1. Franklin Aerospace is holding less inventory per dollar of sales compared with the industry average.

2. Franklin Aerospace is holding more inventory per dollar of sales compared with the industry average.

Reference no: EM132547773

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