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Based on the following information, how many days of supply of inventory is the firm holding (assume 240 days of operation per year)? Do not

Based on the following information, how many days of supply of inventory is the firm holding (assume 240 days of operation per year)? Do not round intermediate calculations. Round your answer to one decimal place.

Sales $8,100,000
Cost of goods sold $6,960,000
Gross profit $1,140,000
Overhead costs $800,000
Net profit $340,000
Total inventory $2,600,000
Fixed assets $3,500,000
Long-term debt $2,600,000

Inventory days' supply: days' supply

Interpret your answer if the industry average inventory days' supply is 30 days. Round your answer to one decimal place.

If the industry average days' supply is 30 days and this firm's IDS is times more, they -Select-havehave noItem 3 inventory management problems.

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