An analyst does research about a company's inventory management. The company reports a more inventory turnover ratio than the average for its industry. All else being equal, which of the following statements is m.ost accurate
A. This difference is explained by excessive inventory bajance by the company.
B. This difference results in a longer cash conversion cycle for the company.
C. This difference is explained by effective inventory management by the company.
参考答案：C
解析： 存货周转率(inventory turnover ratio)=销货成本(cost of goods sold)/平均存货(average inventory)，该公司存货周转比率比行业要高，意味着公司存货可能不足，所以选项A错误。
现金周转期(cash conversion cycle)=应收账款回收天数(days of sales outstanding)+存货周转天数(days of inventory on hand)-应付账款偿还天数(days of payables)，其中days of inventory on hand=365/inventory turnover，该公司存货周转率比行业要高，意味着公司存货周转天数比较短，从而使得现金周转期也比较短，所以选项B错误。
该公司存货周转率比行业要高，意味着公司可能采取了积极的存货管理方法，使得持有存货减少，增加了存货周转率，减少了存货周转天数，所以选项C正确。