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Which result of an analytical procedure suggests the existence of obsolete merchandise?

A.Decrease in the inventory turnover rate.

B.Decrease in the ratio of gross profit to sales.

C.Decrease in the ratio of inventory to accounts payable

D.Decrease in the ratio of inventory to accounts receivable.

Risk Management Accounting Critical Thinking Internal Audit Communications
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Question added by MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.
Date Posted: 2015/03/29
Upvote (1) Views (4) Followers (4) Answers (3) Report Question
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IMRAN ALI MOHAMMED
by IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

A. Decrease in the inventory turnover rate.

MUHAMMED HARIS MI
by MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.

Correct answer is given by @ IMRAN ALI MOHAMMED

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

The correct answer is the answer a

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