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Question 27 - CLTD discussion

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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
Answers
A.
$4.4 million
B.
$5 million
Answers
B.
$5 million
C.
$7 millionD. $7.6 million.
Answers
C.
$7 millionD. $7.6 million.
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asked 16/09/2024
Justin Whelan
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