Findlay Instruments produces a complete line of medical instruments used by plastic surgeons and has experienced rapid
Question:
a. Plot Findlays sales and inventories for the past 5 years. What is the relationship between these two variables?
b. Estimate firm inventories for 2011, when firm sales are projected to reach $ 30 million. Use the average percentage of sales for the past 5 years, the most recent percentage of sales, and your evaluation of the true relationship between the sales and inventories from part (a) to make three predictions.
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Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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