Question
This year, ABC expects sales of $95,865,000 and a gross profit margin of 27.8 percent this year, along with an Inventory Turnover Ratio (COGS Basis)
This year, ABC expects sales of $95,865,000 and a gross profit margin of 27.8 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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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
