A company had an average inventory last year of $220,000and its inventory turnover was5. If sales volume
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Question:
A company had an average inventory last year of $220,000and its inventory turnover was5. If sales volume and unit cost remain the same this year as last and inventory turnover is8this year, what will average inventory have to be during the current year?
Expert Answer:
To calculate the average inventory for the current year we can use the inventory tur... View the full answer
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