Provide an example of company that has mismanaged inventory and discuss how these mistakes inevitably affected their profitability

Assume you work for this company and the CEO approached you and asked for advice on how to improve the inventory management from an accounting/financial perspective. Provide at least two recommendations you would offer the CEO.

 

Financial Statement Analysis

Management of a company’s inventory can influence the overall profitability of a business. Provide an example of company that has mismanaged inventory and discuss how these mistakes inevitably affected their profitability. Assume you work for this company and the CEO approached you and asked for advice on how to improve the inventory management from an accounting/financial perspective. Provide at least two recommendations you would offer the CEO.

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