Question: There is a significant increase in Inventory (260%) ,a significant decrease in AP (-59%) ,a -1% decrease in SalesSales Returns. This indicates that inventory is

There is a significant increase in Inventory (260%) ,a significant decrease in AP (-59%) ,a -1% decrease in SalesSales Returns. This indicates that inventory is accumulating even though sales have dropped and there have been fewea decrease in sales and a significant increase in returns. A few reasons for these changes mentioned in the 2020 Meetinare no longer spoiling their children with expensive shoe wear, thus sales have decreased and inventory has begun accpurchases to replace items. Another

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!