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33 (Critical Thinking Question, 10 points): In 1979 International Business Machines Corp. (IBM was one...

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Accounting

33 (Critical Thinking Question, 10 points): In 1979 International Business Machines Corp. (IBM was one of the world's largest companies, and it dominated the market for huge mainframe computers. Back then, IBM's inventory turnover ratio was about 3.3. Through the years, IBM switched from mainframe to personal computers, and today the company earns most of its revenues from a variety of services rather than from selling hardware. By 2017, IBM's inventory turnover ratio had risen to 23.9. What do you think might account for the tremendous increase in IBM's inventory turnover between 1979 and 2017? Explain

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