Question
The formulas below will be helpful for this assignment: Inventory to sales ratio: remaining inventory / amount of inventory sold Inventory purchase: (1 + target
The formulas below will be helpful for this assignment: Inventory to sales ratio: remaining inventory / amount of inventory sold Inventory purchase: (1 + target inventory to sales ratio) * forecasted sales current inventory QUESTION 3 If the inventory/sales ratio for the quarter is 0.3, how many days inventory does the store have? Answer 0
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
