This is the background information, the real question is:Nicola's accountant is happy with the gross profit margin on the products she sells, but has advised Nicola to try to improve her Days' Inventory Ratio. Explain to Nicola why it is important to improve the Days' inventory ratio, and provide a strategy that may achieve this without affecting gross profit.

~ Nicola owns and operates a small business selling homewares. She established the business around 12 years ago, and has seen a big increase in demand in recent years. Nicola is concerned that operating the business on her own istbecoming too much for her, and is considering downsizing. Her accountant advised her to analyse business performance based on the items she sells, as it may provide insights into the direction she could move. Selected accounting information for the divisions, and the business as a whole, are provided below. These relate to the year ended 30 June 2022. Wall art Indoor plants 110,500 (54,400) (120,100) 124,300 (25,000)