Determining the Effects of Inventory Management Changes on Inventory Turnover Ratio
Indicate the most likely effect of the following changes in inventory management on the inventory turnover ratio (use + for increase, — for decrease, and NE for no effect).
____ a. Have parts inventory delivered daily by suppliers instead of weekly.
____ b. Extend payments for inventory purchases from 15 days to 30 days.
____ c. Shorten production process from 10 days to 8 days.
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