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Description: What is the possible negative consequence of the food business having a long average age of inventory (Days Sales Inventory; Inventory Period)?Group of answer choicesShortage of Supply.Products will command higher prices.Price Ceiling might be reache

Business

Finance

What is the possible negative consequence of the food business having a long average age of inventory (Days Sales Inventory; Inventory Period)?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter23: Other Topics In Working Capital Management

Section: Chapter Questions

Problem 7MC

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