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A Firm Is Planning for Next Year and Has Developed

Question 31

Multiple Choice

A firm is planning for next year and has developed the following information. A firm is planning for next year and has developed the following information. What inventory balance should be included in next year's plan if management intends to increase inventory turnover by two turns in the coming year? Calculate using ending balances and the COGS formulation of inventory turnover. A) $1.74M B) $1.90M C) $1.30M D) $1.24M What inventory balance should be included in next year's plan if management intends to increase inventory turnover by two turns in the coming year? Calculate using ending balances and the COGS formulation of inventory turnover.


A) $1.74M
B) $1.90M
C) $1.30M
D) $1.24M

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