Question
This year, ABC expects sales of $200,923,000 and a gross profit margin of 25.8 percent this year, along with an Inventory Turnover Ratio (COGS Basis)
This year, ABC expects sales of $200,923,000 and a gross profit margin of 25.8 percent this year, along with an Inventory Turnover Ratio (COGS Basis) of 6.10. What is ABC's projected level of inventory, given these numbers?
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Fundamentals Of Institutional Asset Management
Authors: Frank J Fabozzi, Francesco A Fabozzi
1st Edition
9811220034, 9789811220036
