Question: Hint(s) Check My Work Andrew Manufacturing held an average inventory of $1.0 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.3 million,

Hint(s) Check My Work Andrew Manufacturing heldHint(s) Check My Work Andrew Manufacturing held

Hint(s) Check My Work Andrew Manufacturing held an average inventory of $1.0 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.3 million, and its cost of goods sold was $5.4 million. The firm operates 295 days a year. What is the inventory days' supply? Do not round intermediate calculations. Round your answer to one decimal place. Inventory days' supply (IDS): days What target inventory level is necessary to reach a 20- and 10-day inventory days' supply during the next two years? Do not round intermediate calculations. Round your answers to the nearest dollar. Target inventory level (20-day): $ Target inventory level (10-day): $ Keto Grocery Store sells 410 gallons of milk each month. The average on-hand inventory is 60 gallons. What is the inventory turnover? Round your answer to two decimal places

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