Question
Crazy Fan U company has revenue of $20 million, cost of goods sold of $13.5 million, inventory of $10 million, inventory turns of 1.5 times,
Crazy Fan U company has revenue of $20 million, cost of goods sold of $13.5 million, inventory of $10 million, inventory turns of 1.5 times, and days receivable of 45. What is the ideal level of inventory that Crazy Fan U should carry?
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Accounting Theory Contemporary Accounting Issues
Authors: Thomas G. Evans
1st Edition
0324107846, 9780324107845
