Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3.8 turns

Question:

Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3.8 turns last year, with an annual sales volume (at cost) of $975,000. What was the average inventory value for this product last year? What would be the average inventory level if inventory turns could be increased to 6.0?