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APLEASE HELP Gant Communications is forecasting its financial statements for the upcommg year. Highlights indude: - Currentassets of $56 million - Current ratio of 20

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Gant Communications is forecasting its financial statements for the upcommg year. Highlights indude: - Currentassets of \$56 million - Current ratio of 20 - Sales of $20 million - Inventory turnover ratio / Sales/lnventory) of 6 The company's CFO is concerned about the forecasted inventory turnover ratio. Her goal is cut inventory enough to obtain an inventory turnover ratio of X, which is the industry average, while still maintaining sales at $20 million. If the company can accomplish this goal, the cash generated from the cut in inventories will be used to cut accounts payable. This will give the firm a Quick Ratio iC CurentAssets - Inventory) / Current Liabilities] of 1.50. What is X, the desired inventory turnover ratio? Enter your answer, truncated to 2 decimal places

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