Financial variables for BullDawg Incorporated: Annual revenues = $10,000,000 COGS = 73% of revenues Average inventory balance

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Financial variables for BullDawg Incorporated:

Annual revenues = $10,000,000

COGS = 73% of revenues

Average inventory balance = $1,000,000

a. What is DIH? Show your work.

b. What level of inventory is implied if the DIH was lowered to 40 days, assuming all other variables are held constant? Show your work

Related Book For answer-question

Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Posted Date: Sep 12, 2023 12:33 AM

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Financial variables for BullDawg Incorporated: Annual revenues = $10,000,000 COGS = 73% of revenues Average inventory balance

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a Days in inventory DIH DIH Average inventory balance COGS 3... View the full answer

Introduction To Corporate Finance

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