Question: We need to do a better job managing our inventory to increase turnover said Bob the operations manager at LOWCOSTCO. All of our competitors are
"We need to do a better job managing our inventory to increase turnover" said Bob the operations manager at LOWCOSTCO. "All of our competitors are turning their inventory faster. We need to move from 4x to 6.8x by finding ways to lower our average aggregate inventory value". Given the facts below, what average aggregate inventory value will produce the desired level of inventory turnover? (Round final answer to nearest whole number, no $ sign) Annual Sales =$8,000,000 Annual Cost of Goods Sold =$4,000,000 Weeks per year =50
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