Based on the following information, how many days of supply of inventory is the firm holding (assume
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Based on the following information, how many days of supply of inventory is the firm holding (assume 250 days of operation per year)? Interpret your answer if the industry average inventory days’ supply is 30 days.
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Sales Cost of goods sold Gross profit Overhead costs Net profit Total inventory Fixed assets Long-term debt $8,300,000 $7,200,000 $1,100,000 $600,000 $500,000 $2,600,000 $3,000,000 $2,700,000
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