Question
1. A company expects $600 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to
1. A company expects $600 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories = $30.2 + 0.30(Sales). All dollars are in millions. What is the projected inventory turnover ratio for the coming year?
A. 3.40
B. 4.11
C. 3.26
D. 2.91
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Covered Calls Option Trading Strategy
Authors: Andrew P.C.
1st Edition
1549658697, 978-1549658693
