Question: Purchasing The formulas below will be helpful for this assignment: Inventory to sales ratio : remaining inventory / amount of inventory sold Inventory purchase :

Purchasing

The formulas below will be helpful for this assignment:

Inventory to sales ratio: remaining inventory / amount of inventory sold

Inventory purchase: (1 + target inventory to sales ratio) * forecasted sales current inventory

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If the inventory/sales ratio for the quarter is 0.2, how many days inventory does the store have?

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