19. Increasing inventory turnover ratio indicates: (Hint: Inventory turnover ratio = Net sales - average inventory) A. longer time span between the ordering and receiving of inventory. B. shorter time span between the ordering and receiving of inventory. C. shorter time span between the purchase and sale of inventory. D. longer time span between the purchase and sale of inventory.

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Reid WolffLv2

26 Apr 2018

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17. A high accounts receivable turnover ratio indicates: (Hint: Accounts receivable turnover = Net Sales / Average net accounts receivable) A) the company's sales are increasing. B) a large proportion of the company's sales are on credit. C) customers are making payments very quickly. D) the company is taking longer to sell inventory.

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redchinchilla847

Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 144,500 units per year, an ordering cost of $12 per order, and carrying costs of $1.20 per unit.

a. What is the economic ordering quantity?

b. How many orders will be placed during the year?

c. What will the average inventory be?

d. What is the total cost of ordering and carrying inventory?