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You are provided with the following information: Annual New Car Sales $2,500,000 Cost of Goods Sold (new Cars) 93% of sales revenue Current New Car
You are provided with the following information: Annual New Car Sales $2,500,000 Cost of Goods Sold (new Cars) 93% of sales revenue Current New Car Inventory$477,740 Industry Bench Mark 60 days supply. a. Calculate the inventory objective (round to the nearest dollar) (2pts) b. Determine if there is frozen capital and if so how much (2pts) c. How many days supply does the dealer have on hand (2pts) d.. What does this result tell you? (2pts) e. What is one possible solutions? (2pts)
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