Question: Please answer parts a and b. How would purchasing additional inventory inventory at the end of the year to be sold in the next year

Please answer parts a and b.

Please answer parts a and b. How would purchasing additional inventory inventory at the end of the year to be sold in the next

How would purchasing additional inventory inventory at the end of the year to be sold in the next year effect the inventory turnover ratio (cost of goods sold / average inventory)? Increase Decrease No Change May Increase or Decrease How would purchasing additional inventory before the end of the year to be sold in the next year effect the gross profit percentage (gross profit on sales / net sales)? Increase Decrease No Change May Increase or Decrease

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