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The following accounting information pertains to two grocery store chains. One grocery store chain has a only high end organic food products while the other
The following accounting information pertains to two grocery store chains. One grocery store chain has a only high end organic food products while the other grocery store sells less expensive foods that are trad of pesticides, synthetic fertilizers, and/or genetically modified organisms. market strategy of selling itionally grown with the use The compan selling traditional produced foods has an average inventory balance of $45,000, while the co foods has an average inventory balance of $40,000. a. Complete the table by filling in the missing amounts. grocery store chain is taking a lower cost/higher volume strategy as it relates to sales? c1. Calculate the inventory turnover and average days to sell inventory for each grocery store chain. c2. Based on your c alculations, which grocery chain will be required to reorder inventory more frequently? Complete this question by entering your answers in the tabs below Based on your calculations, which grocery chain will be required to reorder inventory more frequently? rder more frequently Req c1
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