Cake creations has an inventory turnover ratio

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Reference no: EM131265843

Carol owner of “Cake Creations” has an Inventory Turnover ratio of 189 to 1. Carol wants to know how to improve her turnover ratio. Explain the effect of the following transactions or events on the average selling period to her:

a. The length of the average selling period for Cake Creations is?

b. Purchase of Cake batter.

c. Borrowing from the bank of $2,400.

d. Inventory on hand.

e. Expanding the Cake line to add 5 new kinds of Cake flavors.

f. Quantity discounts.

Reference no: EM131265843

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