Abc had sales of 33975000 and an inventory turnover ratio, Finance Basics

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Abc had sales of 33975000 and an inventory turnover ratio

Question: ABC had sales of $33,975,000 and an Inventory Turnover Ratio (Sales Basis) of 8.7. ABC projects that next year, its sales will grow by 10 percent while its Inventory Turnover Ratio (Sales Basis) will drop to 8.4. If that happens, what will be the total dollar change in inventory between this year and next year?

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Finance Basics: Abc had sales of 33975000 and an inventory turnover ratio

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Finance Basics: Abc had sales of 33975000 and an inventory turnover ratio

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