Question
If the XYZ Company has a net profit margin of 10% and its inventory turnover is 9, what is its annual cost of sales? You
If the XYZ Company has a net profit margin of 10% and its inventory turnover is 9, what is its annual cost of sales? You also know XYZ Company's average inventory is $96,700 and its annual sales are $1,000,000.
| A.$870,000 |
| B. | $850,000 |
| C. | $870,300 |
| D. | $790,000 |
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Advances In Entrepreneurial Finance
Authors: Rassoul Yazdipour
2011th Edition
148998190X, 978-1489981905
