Dana produces fine chocolates for her retail shop, which is open six days a week. The sales
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Dana produces fine chocolates for her retail shop, which is open six days a week. The sales are $156,000 annually, with a cost of goods sold of 45% of sales and an average inventory on hand of $7,800. Calculate the days in inventory and indicate any concerns for the shop considering the national average is 15 days.
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Related Book For
Small Business Management Launching And Growing Entrepreneurial Ventures
ISBN: 9780357718803
20th Edition
Authors: Justin G. Longenecker, J. William Petty, Leslie E. Palich, Frank Hoy
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