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Business, 06.07.2019 00:30 fredorivera

Based on the following information, how many days of supply of inventory is the firm holding (assume 250 days of operation per year)? interpret your answer if the industry average inventory days’ supply is 30 days. sales $8,300,000 cost of goods sold $7,200,000 gross profit $1,100,000 overhead costs $ 600,000 net profit $500,000 total inventory $2,600,000 fixed assets $3,000,000 long-term debt $2,700,000

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Based on the following information, how many days of supply of inventory is the firm holding (assume...
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