Indicate the most likely effect of the following changes in inventory management on the inventory turnover ratio

Question:

Indicate the most likely effect of the following changes in inventory management on the (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. Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...