Question #1 You have been hired by the CEO of a soon-to-be-opened bookstore to develop procedures to
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Question #1
You have been hired by the CEO of a soon-to-be-opened bookstore to develop procedures to help control inventory. List, describe, and defend three procedures you recommend be implemented to control inventory. As part of your response, be sure to describe any potential costs associated with these procedures.
Question #2
Using the Starbucks financial statements provided on Blackboard, calculate and interpret the days to sell and gross profit ratios.
Question #3
Using the Starbucks financial statements provided on Blackboard, calculate and interpret the operating cycle. Assume 20% of all sales are credit sales
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