Question: Some firms may use a long-range forecast, which allows them to analyze sales and operating data for 1-3 years. True False A local general store

  1. Some firms may use a long-range forecast, which allows them to analyze sales and operating data for 1-3 years.

    True

    False

A local general store sells about $132,000 worth of inventory per year and has around $22,000 worth of inventory on average at any given time. Based on this we can calculate their inventory turns to be around ________ times in a year.

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