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5-3: A manufacturing company hired a consultancy firm that helped them identify various bottlenecks as well as to automate a couple of associated processes. Among

5-3: A manufacturing company hired a consultancy firm that helped them identify various bottlenecks as well as to automate a couple of associated processes. Among others, the consultants suggested that they enter into a Vendor Managed Inventory (VMI) contract with a major supplier of raw materials used in the manufacturing process. And, the consultants also suggested the company to automate the online billing and payment processing system for orders shipped within the continental USA. How are online billing and payments likely to affect the receivables turnover ratio? We need more information to answer this question It is likely to increase It is likely to decrease It is likely to remain unchanged

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