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Andrew Manufacturing held an average inventory of $ 1 . 1 million ( raw materials, work - in - process, finished goods ) last year.

Andrew Manufacturing held an average inventory of $1.1 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.0 million, and its cost of goods sold was $5.9 million. The firm operates 280 days a year. What is the inventory days' supply? Do not round intermediate calculations. Round your answer to one decimal place.
Inventory days' supply (IDS): days
What target inventory level is necessary to reach a 25- and 10-day inventory days' supply during the next two years? Do not round intermediate calculations. Round your answers to the nearest dollar.
Target inventory level (25-day): $

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