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The following is the statement report of a company Annual sales           $20,000,000...

The following is the statement report of a company
Annual sales           $20,000,000
Cost of goods sold   $6,600,000
Inventory                   $5,750,000
Net Income               $2,300,000
Annual sales provide the revenue collected for the year. 
Cost of goods sold is the dollar amount spent on purchasing the goods. 
Inventory is the average dollar amount in inventory
Net Income is the profit for the year.
How much money does this company spend on costs of goods sold per month? In other words, we are looking for the flow rate in dollars per month.

math   Statistics-And-Probability   
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