Question: Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3 . 5 turns last year, with an annual sales

Bragg Johnson, materials manager at Johnson & Sons, has determined that a certain product experienced 3.5 turns last year, with an annual sales volume (at cost) of $985,000. What
was the average inventory value for this product last year? Round your answer to the nearest dollar.
$
What would be the average inventory level if inventory turns could be increased to 6.5? Round your answer to the nearest dollar.
$
 Bragg Johnson, materials manager at Johnson & Sons, has determined that

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