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Small Business Management 6th Edition by Timothy Hatten
Edition 6ISBN: 978-1285866383Small Business Management 6th Edition by Timothy Hatten
Edition 6ISBN: 978-1285866383 Exercise 8
The sales projection for your retail business is $650,000. The industry average for the asset turnover ratio is 5. How much inventory (total assets) should you plan to stock?
Explanation
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Inventory turnover ratio:
Inventory tur...
Small Business Management 6th Edition by Timothy Hatten
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