If minded changed to a policy of just-in-time inventory


Minden co has current assets of $180,000 (cash: $20,000, AR $70,000, INV $90,000), and long term assets that had cost $400,000, with accumulated depreciation to date of $180,000. Sales were $500,000, and operating profit was $50,000. Tax was $20,000 and interest paid was $10,000. If minded changed to a policy of just-in-time inventory management, their inventory turnover ratio would: a) decrease; b) stay the same: increase; c) increase; d) there is insufficient information.

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Financial Management: If minded changed to a policy of just-in-time inventory
Reference No:- TGS02254944

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