Dana produces fine chocolates for her retail shop, which is open six days a week. The sales
Question:
Dana produces fine chocolates for her retail shop, which is open six days a week. The sales are $156,000 annually, with a cost of goods sold of 45% of sales and an average inventory on hand of $7,800. Calculate the days in inventory and indicate any concerns for the shop considering the national average is 15 days.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Small Business Management Launching And Growing Entrepreneurial Ventures
ISBN: 9780357718803
20th Edition
Authors: Justin G. Longenecker, J. William Petty, Leslie E. Palich, Frank Hoy
Question Posted: