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Indicate the most likely effect of the following changes in inventory management on the inventory turnover ratio (+ for increase, - for decrease, and NE
Indicate the most likely effect of the following changes in inventory management on the inventory turnover ratio (+ for increase, - 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 purchase from 15 days to 30 days
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