scarlettrosecampbell scarlettrosecampbell

11-05-2024
Business

Answered

19
Select the correct answer.
Which statement about inventory is true?
It is not an important aspect of financial analysis for a trading company.
O A.
O B.
It is a current liability for a business.
C. A company's inventory does not become obsolete.
O D.
A company expects to convert it into cash in the near future.
O E.
it is an income for the business
5
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Answer :

GinnyAnswer GinnyAnswer

11-05-2024

Final answer:

Inventory is a current asset that impacts a company's financial position and profitability.

Explanation:

Inventory is a current asset for a business, not a liability. It represents goods or materials that a company expects to sell or convert into cash in the near future. Inventory management is crucial for financial analysis as it impacts a company's profitability and liquidity.

Learn more about Inventory as a current asset here:

https://brainly.com/question/32973974

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