Question
This year, ABC had sales of $41,093,000 and an Inventory Turnover Ratio (Sales Basis) of 8.7. ABC projects that next year, its sales will grow
This year, ABC had sales of $41,093,000 and an Inventory Turnover Ratio (Sales Basis) of 8.7. ABC projects that next year, its sales will grow by 10 percent while its Inventory Turnover Ratio (Sales Basis) will drop to 8.4. If that happens, what will be the total dollar change in inventory between this year and next year?
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Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0078945801, 9780078945809
