A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover

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A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover is four times a year. What would be the reduction in inventory if this firm were to achieve a turnover comparable to the industry average?

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Investments An Introduction

ISBN: 978-0324561388

9th Edition

Authors: Herbert B Mayo

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Question Posted: Jun 26, 2012 05:09 AM

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A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover

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The firm wants to achieve the industry average ...View the full answer

Investments An Introduction

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