Question: 1 . 1 inventory management ( 3 0 points ) a . This used car dealership has revenue of $ 4 3 million a year.

1.1 inventory management(30 points)
a. This used car dealership has revenue of $43 million a year. Their cost of sales is $30M a year. Their yearend inventory is $6M. what is their days of inventory ? what is their inventory turn ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!