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Question 27 - CLTD discussion
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 millionD. $7.6 million.
Your answer:
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