Question
Assume a firms inventory level of $17,000 represents 26 days' sales. What is the annual cost of goods sold? (Use 365 days in a year.
Assume a firms inventory level of $17,000 represents 26 days' sales. What is the annual cost of goods sold? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to whole number.) What is the inventory turnover ratio? (Round your answer to 2 decimal places.)
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
