Question: Indicate the most likely effect of the following changes in inventory management on the inventory turnover ratio (+ for increase, - for decrease, and NE
Indicate the most likely effect of the following changes in inventory management on the inventory turnover ratio (+ for increase, - 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.
-----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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