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Suppose you are analysing the Inventory turnover (COGS/Inventory) of a company and you find that...

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Accounting

Suppose you are analysing the Inventory turnover (COGS/Inventory) of a company and you find that it has improved, even though the price of inventory has increased in the past year. Which of the following is/are not likely explanation(s) for the improvement? (select the best answer) Group of answer choices The company makes a specific decision to reduce the quantity of inventory it holds at year's end. The company offers discounts to customers if they place their order before year end. The company changes its cost flow assumption to LIFO All of the above are possible explanations

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