Question: anything helps :) Part A5: Inventory Measures Problem (8 Points). Lee's Plumbing Supply (LPS) operates 300 days per year. LPS average aggregate inventory value for
anything helps :)
Part A5: Inventory Measures Problem (8 Points). Lee's Plumbing Supply (LPS) operates 300 days per year. LPS average aggregate inventory value for last year was $1.6 million and their cost of goods sold was $14 million. The average inventory for the company's direct competitors is eight turns per year. What were LPS's average daily sales (at cost)? Average Daily Sales = How many days of supply were held in inventory? Days of Supply = What was LPS's inventory turnover? Inventory Turnover = How is LPS performing versus its competition? State specifically why
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