Specific ways that a company could improve

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Reference no: EM133327539

Question: You have recently been hired as the Controller for a large publicly traded company that has experienced significant operating losses for the past few years, which has caused a sharp decline in the company's stock price.

What are your considerations and recommendation on whether to use either the LIFO or FIFO method for costing its inventory? Name two specific ways that a company could improve its inventory turnover including whether those would have a positive or negative impact on the company's overall profitability.

Reference no: EM133327539

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