The Picture Frame Shop Pty Ltd
Inventory turnover ratio (extract) as at 30
June 2020
Ratio                                                         2019
2020

Inventory turnover (days) 50 days
40 days
                                                                         The owner of The Picture Frame Shop Pty
Ltd believes that improving inventory turnover should lead to an increase in Gross Profit assuming the mark-up remains unchanged. Do you agree with the owner? Discuss. There should be exactly 5 paragraphs separated by the markdown divider: ***.
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