Question
A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover is four times a year. what would be
A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover is four times a year. what would be the reduction in inventory turnover if this firm were to achieve a turnover comparable to the industry average?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
