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please answer ASAP and i will like Sparky's sells auto parts. Provided below is selected financial information from the company's anvual report: Sparky's forecasts that
please answer ASAP and i will like
Sparky's sells auto parts. Provided below is selected financial information from the company's anvual report: Sparky's forecasts that sales will grow by 25% in Year 3 and that its cost of goods sold to sales ratio will be the same in Year 3 as it was in Year 2 . If these assumptions prove correct and Sparky's inventory turnover ratio for Year 3 is 6.5 what will be the level of inventory at the end of Year 3 ? a. 514,000 b. 524,117 c. 520,017 d. 575,035 Step by Step Solution
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