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Wilco has Sales Revenue of $1,000,000 and COGS of $700,000 in 2022 along with an ending balance of inventory of $76,000 and an inventory turnover
Wilco has Sales Revenue of $1,000,000 and COGS of $700,000 in 2022 along with an ending balance of inventory of $76,000 and an inventory turnover of 10 . Wilco projects sales will grow by 20% in 2023 and that their COGS to Sales Revenue percentage and inventory turnover will remain steady. What is Wilco's projected ending balance of inventory in 2023 ? $76,000$880,000$84,000$70,000
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