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Thornton Universal Sales' cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 50% of its monthly COGS on hand
Thornton Universal Sales' cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 50% of its monthly COGS on hand at all times. Using a 365-day year, what is its inventory conversion period?
a. 16.7 days
b. 13.0 days
c. 15.2 days
d. 11.7 days
e. 14.4 days
a. 16.7 days
b. 13.0 days
c. 15.2 days
d. 11.7 days
e. 14.4 days
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Annual cost of goods sold 2000000 x 12 Months 24000000 Average ...
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Matching Supply with Demand An Introduction to Operations Management
Authors: Gerard Cachon, Christian Terwiesch
3rd edition
73525200, 978-0073525204
