For a firm with average daily sales (Sd) of $200,000, current inventory (I) of $1,000,000, and cost
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For a firm with average daily sales (Sd) of $200,000, current inventory (I) of $1,000,000, and cost of sales (CS) of 50 percent (i.e., the percentage value of inventory in a sold good ? since a product may cost $1 to make and sell for $5), what is the average days of inventory (Id)?
5 days
10 days
15 days
20 days
Related Book For
Applied Statistics in Business and Economics
ISBN: 978-0073521480
4th edition
Authors: David Doane, Lori Seward
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