Dana produces fine chocolates for her retail shop, which is open six days a week. The sales

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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.

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Small Business Management Launching And Growing Entrepreneurial Ventures

ISBN: 9780357718803

20th Edition

Authors: Justin G. Longenecker, J. William Petty, Leslie E. Palich, Frank Hoy

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