Assume that your firm wants its Inventory Turnover ratio next year to be 7x. Cost of goods
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume that your firm wants its Inventory Turnover ratio next year to be 7x. Cost of goods Sold is forecasted to be $6,992. What will the forecasted inventory balance have to be to achieve a Turnover ratio of 7x?
Related Book For
Project Management Achieving Competitive Advantage
ISBN: 978-0133798074
4th edition
Authors: Jeffrey K. Pinto
Posted Date: