MC$\mathrm{.}17\mathrm{.}035.$Algo

Question $39$ of $42?$

Fairchild Garden Supply expects $$670$ million of sales this year, and it forecasts a $20\%$ increase for next year. The CFO uses this equatio to forecast inventory requirements at different levels of sales: Inventories Sales$).$ All dollars are in millions. The firm's cost of goods sold is expected to be $70\%$ of sales. What is the projected inventory turnover ratio for the coming year? Do not round intarmediate calculations.

wered

a$.3\mathrm{.}48$ times

b$.2\mathrm{.}90$ times

c$.2\mathrm{.}43$ times

d$.2\mathrm{.}85$ times

e$.2\mathrm{.}03$ times

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