The finance department has been directed to reduce the cash-to-cash cycle time to 29.9 days.

You are the warehouse manager and need to reduce the inventory to achieve that goal. Given the following information, what must your inventory level be?

Days in the period: .................................... 25

Sales: ....................................................... $10325000

AR: ............................................................ $3800000

AP: ............................................................. $6400000

Cost of Sales: .............................................. 56.2

(Your answer should be in whole dollars)

Answer rating: 100% (QA)

The inventory level should be 11204594 Calculations Cash ... View the full answer