A company has a forecast of $730,000 of Cost of Goods Sold for the year. It has a goal of getting its Days of Inventory down to 20 days of Inventory and has set its forecast on 20 days of Inventory. Based on the $730,000 of Cost of Goods Sold and its forecast of 20 days of Inventory.

What is its forecast for Inventory $ (enter in whole $; do not include $ sign)?

Answer rating: 100% (QA)

To calculate the forecast for inventory we need to determine ... View the full answer