ABC, Inc. had sales revenue of $50,000 and $57,000 in fiscal years 2005 and 2006, respectively....

 

Transcribed Image Text:

ABC, Inc. had sales revenue of $50,000 and $57,000 in fiscal years 2005 and 2006, respectively. Cost of goods sold was $32,000 and $39,000, respectively. The ending inventory was $7,000 and $8,000, respectively. ABC's revenue growth rate, gross profit margin growth rate and inventory turnover in 2007 will be identical to 2006. Calculate the projected ending inventory in fiscal year 2007 rounded to the nearest whole dollar amount. A. $13,000 B. $10,150 C. $9,140.63 D. $8,140.63 ABC, Inc. had sales revenue of $50,000 and $57,000 in fiscal years 2005 and 2006, respectively. Cost of goods sold was $32,000 and $39,000, respectively. The ending inventory was $7,000 and $8,000, respectively. ABC's revenue growth rate, gross profit margin growth rate and inventory turnover in 2007 will be identical to 2006. Calculate the projected ending inventory in fiscal year 2007 rounded to the nearest whole dollar amount. A. $13,000 B. $10,150 C. $9,140.63 D. $8,140.63

Answer rating: 100% (QA)

Answer OptionC 914063 is the correct answer Inventory Turnover 2006 Cost of good ... View the full answer