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Question

a corporation is projecting annual sales at $35 million, cost of goods sold (cogs) at $25 million, and administrative expenses at $3 million. in order to meet its corporate inventory turns goal of 5.0, their inventory level must average:

Accepted Answer

$7.6 million.

Answer

$4.4 million

Answer

$5 million

Answer

$7 million

A corporation is projecting annual sales at $35 million, cost of goods sold (COGS) at $25 million, and administrative expenses at $3 million. In order to meet its corporate inventory turns goal of 5.0, their inventory level must average:

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