Question
ABC, Inc. had sales revenue of $50,000 and $57,000 in fiscal years 2005 and 2006, respectively. Cost of goods sold was $32,000 and $39,000, respectively.
ABC, Inc. had sales revenue of $50,000 and $57,000 in fiscal years 2005 and 2006, respectively. Cost of goods sold was $32,000 and $39,000, respectively. The ending inventory was $7,000 and $8,000, respectively. ABC's revenue growth rate, gross profit margin and inventory turnover in 2007 will be identical to 2006. Calculate the projected average inventory in fiscal year 2007.
| A. | $13,000 | |
| B. | $8,140.63 | |
| C. | $10,150 | |
| D. | $9,140.63 |
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Finance And Sustainability
Authors: Karolina Daszyńska-Żygadło, Agnieszka Bem, Bożena Ryszawska, Erika Jáki, Taťána Hajdíková
1st Edition
3030344037, 978-3030344030
