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ABC Inc expects $590 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to forecast
ABC Inc expects $590 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 lovels of sales: Inventories - 530.2 +0.25(Sales). All dollars are in millions. What is the projected inventory turnover ratio for the coming year Select one 23.40 times b. 3.2.3 times C. 3.60 times e36 times
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