If the annual cost of goods sold is $30,000,000 and the average inventory is $10,000,000: a. What

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If the annual cost of goods sold is $30,000,000 and the average inventory is $10,000,000:

a. What is the inventory turns ratio?

b. What would be the reduction in average inventory if, through better materials management, inventory turns were increased to 10 times per year?

c. If the cost of carrying inventory is 20% of the average inventory, what is the annual savings? LO.1

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Introduction To Materials Management

ISBN: 9780132337618

6th Edition

Authors: J. R. Tony Arnold, Chapman, Stephen N., Lloyd M. Clive

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Question Posted: Jul 20, 2024 10:00 AM

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If the annual cost of goods sold is $30,000,000 and the average inventory is $10,000,000: a. What

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Introduction To Materials Management

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