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The current inventory turnover (at cost) for Jennifer's Lingerie is 3.3, based on Cost of Goods Sold of $3,270,490 (see the formula sheet for the
The current inventory turnover (at cost) for Jennifer's Lingerie is 3.3, based on Cost of Goods Sold of $3,270,490 (see the formula sheet for the definition of inventory turnover). The published inventory standard turnover at cost is 5.2. Since the actual turnover rate is less than the published rate, determine how much average inventory should have changed to match the industry standard. (If it should have been higher show as a positive, and if lower as a negative)
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