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wrote...
Posts: 401
11 months ago
A successful implementation of a JIT production system should result in a lowering of the inventory turnover ratio.
[True or False]
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Cost Accounting: A Managerial Emphasis
Edition: 16th
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wrote...
Posts: 140
11 months ago
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 False
Explanation:  The inventory turnover ratio: (cost of goods sold/average inventory) should increase as a result of a JIT system implementation as the average inventory should fall, relatively speaking, as less inventory is on hand as a result of JIT practices.
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wrote...
11 months ago
Appreciate the effort you put into answering, thank you!
wrote...
11 months ago
You're very welcome
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