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In 2017, the records of Metrolink Cosmetics were:
Stock Turnover for 2015 (actual) and 2016 (budgeted) where 90 and 80 respectively.
Creditors turnovers for the same periods where 28 days and 37 days respectively.
i. Do you think that by improving Stock Turnover, there will be an increase in gross profit as well?
ii. What two strategies can the business adopt in order to improve the Stock Turnover?
iii. In what ways (both positive and negative) can the increase in Creditors Turnover be felt by the business?
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