In a Comparison of 20X2 to 20X1, Neir Co

question 174

Multiple Choice

In a comparison of 20X2 to 20X1, Neir Co.'s inventory turnover ratio increased substantially although sales and inventory amounts were essentially unchanged. Which of the following statements explains the increased inventory turnover ratio?

• A) Cost of goods sold decreased.
• B) Accounts receivable turnover increased.
• C) Total asset turnover increased.
• D) Gross profit percentage decreased.

Comprehend the process and objectives of organizational development (OD).

Learn the roles and challenges faced by tempered radicals in organizations.

Understand the importance of involving management and building support for change initiatives.

Identify the stages involved in the organizational development process.