Assume a firm’s inventory level of $10,500 represents 31 days sales What is the annual cost...
Assume a firm’s inventory level of $10,500 represents 31 days sales
- What is the annual cost of the goods ?
- What is the inventory turnover ratio?
Homework Answers
What is the annual cost of the goods
=10500*(365/31)
=123629.03
the inventory turnover ratio
=123629.03/10500
=11.77
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