Jit inventory control system primary recuirement, Financial Management

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What are the primary requirements for a successful JIT inventory control system?

For a JIT system to be victorious the supplier must be willing and able to deliver materials immediately and the quality of delivered materials must be high.

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First, how do you calculate the current ratio

how do you calculate the current ratio

Determine the working capital in the firm, a) Year 2 Current Ratio = 700 / ...

a) Year 2 Current Ratio = 700 / 300 = 2.33 : 1 Year 1 Current Ratio = 500 / 200 = 2.5 : 1 Year 2 Acid Test = (700 - 350) / 300 = 1.17 : 1 Year 1 Acid Test = (500 - 250) / 200 =

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