Multiple Choice
Assume that Zybo, Inc. has sales of $10 million and inventory of $2 million. The corporation utilizes the percent-of-sales method of financial forecasting. If Zybo is expected to generate sales of $14 million next year, what will the firm's investment in inventory be?
A) $1.4 million
B) $2.0 million
C) $2.8 million
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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