Indicate the most likely effect of the following changes in
Indicate the most likely effect of the following changes in inventory management on the inventory turnover ratio (1 for increase, 2 for decrease, and NE for no effect).
_____ a. Inventory delivered by suppliers daily (small amounts) instead of weekly (larger amounts).
_____ b. Shorten production process from 10 days to 8 days.
_____ c. Extend payments for inventory purchases from 15 days to 30 days.
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