No steps require

Capital expenditures relate to all of the following EXCEPT: Relate to regular repairs and maintenance Significantly extend an asset's useful life. Significantly increase an asset's efficiency Increase asset accounts Tito's inventory turnover was 6.2 for this year and 8.9 for last year. Stacy's inventory turnover was 11.3 for this year and 9.3 for last year. These results imply that: Tito has experienced an improvement in turnover in the current year. Stacy has mismanaged inventory. Tito has the better turnover for both years. Stacy has experienced an improvement in turnover in the current year