Ask Question
BusinessBusiness
13 October, 12:37

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

+3
Answers (1)
  1. 13 October, 13:25
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Early in 2017, Rivers Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years are ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
On September 1, Ziegler Corporation had 58,000 shares of $5 par value common stock, and $174,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split.
Answers (2)
Assume that Delalo, Inc. is operating at full capacity. Also assume that assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. What is the external financing needed if sales increase by 10 percent?
Answers (2)
The stockholders' equity section of Pretzer Corporation consists of common stock ($10 par) $2,650,000 and retained earnings $532,000. A 10% stock dividend (26,500 shares) is declared when the market price per share is $14.
Answers (1)
Which of the following is true about a business plan? Select one: a. Developing it is a simple and straightforward. b. Once developed, it doesn't change. c. It has a set format. d. It will need to be changed from time to time.
Answers (1)
DeKay Dental Supplies issued $10,000 of bonds on January 1, 2018. The bonds pay interest semiannually.
Answers (1)
New Questions in Business
Which of the elements of this scenario represent a flow from a household to a firm? this could be a flow of dollars, inputs, or outputs. check all that apply.
Answers (1)
Bob has the responsibility for product development, pricing, promotion, and distribution of Hi-Vee Vitamins for children. Bob's job would not involve:
Answers (1)
Which one of the following correctly describes the dividend yield? Multiple Choice Next year's annual dividend divided by today's stock price This year's annual dividend divided by today's stock price This year's annual dividend divided by next
Answers (1)
The Hopkinton Company just paid $2.25 as its annual dividend. The dividends have been increasing at a rate of 5% annually and this trend is expected to continue. The stock is currently selling for $63.60 a share.
Answers (1)
The primary method for sterilizing instruments is
Answers (1)
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
Sign Up Forgot Password?