Question
The following is the available information on Firm XCV1: Cost of goods sold RM85,000 Inventory RM20,000 The inventory conversion period is [ __ ] If
The following is the available information on Firm XCV1:
Cost of goods sold RM85,000
Inventory RM20,000
The inventory conversion period is [ __ ]
If the firm plans to reduce the inventory conversion period to 38 days, the inventory level would decline by RM [ __ ]
(Do not include comma in your answer. The final answer should be round off to 2 decimal points)
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The No Nonsense Guide To Globalization
Authors: Wayne Ellwood
1st Edition
1904456448, 190652355X, 9781906523558
