Several years ago, the JC Penney department store chain embarked on a new strategy where they drastically cut prices in order to stimulate sales. As a result of that strategy, analysts expected to see

		Gross profit margins to increase and inventory turnover ratios to increase.
		Gross profit margins to decrease and inventory turnover ratios to decrease.
		Gross profit margins to decrease and inventory turnover ratios to increase.
		Gross profit margins to increase and inventory turnover ratios to decrease.