Business, 31.03.2020 02:44 desireeandrada9

Endot has an Inventory Turnover Ratio of 5X. For the industry that Endot competes in, the average Inventory Turnover ratio is 4.5X. What can be said about Endot? a. Since Endot’s Inventory turnover ratio is lower than the industry, Endot uses its inventory more efficiently. b. Since Endot’s Inventory Turnover ratio is higher than the industry, Endot uses its inventory more effiently. c. Since Endot’s Inventory Turnover ratio is lower than the industry, Endot uses its inventory less efficiently. d. Since Endot’s Inventory Turnover ratio is higher than the industry, Endot uses its inventory less efficiently e. It is impossible to make a determination because we do not know Endot’s inventory made up between raw materials, work in process and finished goods.

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Endot has an Inventory Turnover Ratio of 5X. For the industry that Endot competes in, the average In...