Radio Hut has a current ratio that is lower than the industry average, but a quick ratio that is above the industry average. What would you expect to be true about their inventory turnover?
It is likely higher than the industry average as the firm has less inventory than most firms in their industry
A. It is likely higher than the industry average as the firm has less inventory than most firms in their industry
B. It is likely higher than the industry average as the firm has more inventory than most firms in their industry
C. There is no way to know about their inventory from the current and quick ratios
D. It is likely lower than the industry average as the firm has more inventory than most firms in their industry
E. It is likely lower than the industry average as the firm has less inventory than most firms in their industry