Multiple Choice
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:
A) $4.4 million
B) $5 million
C) $7 million
D) $7.6 million.
Correct Answer:
Verified
Correct Answer:
Verified
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