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7 November, 04:47

Early in 2017, Rivers Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years are listed here: How much did inventory turnover increase as a result of the switch to the JIT system

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  1. 7 November, 05:09
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    The correct answer is : 3.8 times

    Explanation:

    This inventory system is easy to calculate when you divide the cost of goods that were sold by average inventory. The turnover was 5.1 times in 2016 and in the following year, it was 8.9. This showed an increasing tendency of 3.8 times more. This approach has the purpose of sourcing, storing, and selling inventory-both raw materials and finished goods.
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Home » Business » Early in 2017, Rivers Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years are listed here: How much did inventory turnover increase as a result of the switch to the JIT system
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