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An analyst observes that a company's inventory turnover ratio has rapidly increased from the previous...

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Accounting

An analyst observes that a company's inventory turnover ratio has rapidly increased from the previous year. Which of the following reasons least likely supports its increase ?

  • A.

    A fire in one of the company's warehouses destroyed a significant portion of finished goods inventory.

  • B.

    The company has adopted a just-in-time inventory management system with the objective of maintaining a leaner inventory structure (e.g. low level inventory structure).

  • C.

    The units held in inventory were manufactured using technology wich is now obsolete

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