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Grant Communications is forecasting its financial statements for the upcoming year. Highlights include: Current assets of $ 6 million Current ratio of 2 . 0
Grant Communications is forecasting its financial statements for the upcoming year.
Highlights include:
Current assets of $ million
Current ratio of
Sales of $ million
Inventory turnover ratio SalesInventory of
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 which is the industry average, while still maintaining sales at $ 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 Current Assets Inventory Current Liabilities of
What is the desired inventory turnover ratio? Enter your answer, truncated to decimal places. For example, enter as
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