A decreasing inventory turnover ratio indicates:

A. a shorter time span between the purchase and sale of inventory.
B. a shorter time span between the ordering and receiving of inventory.
C. a longer time span between the ordering and receiving of inventory.
D. a longer time span between the purchase and sale of inventory.

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million