Fall 2020; MGT 9170 (1) Chinedu bunka & | 10/16/20 12:33 PM Homework: WEEK 7 ASSIGNMENT - CHAPTER 19 Score: 0 of 1 pl 4 6 of 8 (1 complete) HW Score: 4 17%%, 0:33 of 8 pts W W P 19-17 (similar to) Quesiting Help Happy Valley Homecare Suppliers, Incorporated (HVHS), had $18 3 million in sales in 2010, Its cost of goods sold was $7 32 million, and its average inventory balance Reflection.. was 51 92 million a. Calculate the average number of days inventory outstanding ratios for HVHS. b. The average number of inventory days in the industry is 73 days. By how much must HVHS reduce its investment in inventory to Improve its inventory days to raoul the industry? (Hint Use a 365-day year) Digital Ed. a. Calculate the number of days inventory outstanding ratios for HVHS The number of inventory days outstanding is 95.74 days. (Round to two demical places.) the industry? b. The average number of inventory days in the industry is 73 days, By how much must HVHS reduce its investment in inventory to improve its inventory days to meet To match the industry average number of inventory days, HVHS would reduce its inventory by $| | million. (Round to three decimal place ) Acrobat Reader DC