With respect to markups and turnovers, the important thing to know is\ Multiple Choice\ a...
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Accounting
With respect to markups and turnovers, the important thing to know is\ Multiple Choice\ a low stockturn rate decreases inventory carrying costs.\ a high stockturn rate ties up working capital.\ high markups always mean big profits, even if sales are low.\ markup combines with stockturn rate to determine what the product actually earns.\ speeding up turnover often decreases profits because the firms operating costs are a function of time and the volume of goods sold.
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