Question
A firm with sales of $750,000 has average inventory of $450,000. The industry average for inventory turnover is two times a year. What would be
A firm with sales of $750,000 has average inventory of $450,000. The industry average for inventory turnover is two times a year. What would be the reduction in inventory if this firm were to achieve a turnover comparable to the industry average? Round your answer to the nearest dollar.
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
