You have recently been hired as the operations manager by a small, but growing distributor for industrial products. After your first few months on the job you have determined that the inventory turnover ratio for some of your strategically important products has fallen from its typical ratio of 6 down to 2. As you learned in your ID class, this would be considered: Group of answer choices Not a problem because the inventory turnover is still above 1.0. Not a problem because the inventory turnover ratio is not important for distributors. Not a problem because a lower inventory ratio suggests the company is selling more of the product. An important issue to address because the new ratio suggests the product sales of these strategically important products has slowed significantly.

Richardson hired j. c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j. c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."