What is the projected inventory turnover, Accounting Basics

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What is the projected inventory turnover

Fairchild Garden Supply expects $600 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories = $30.2 + 0.25(Sales). All dollars are in millions. What is the projected inventory turnover ratio for the coming year? (

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Accounting Basics: What is the projected inventory turnover

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Accounting Basics: What is the projected inventory turnover

Reference No:- TGS091799

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Recent Questions Asked Accounting Basics

Q : What was the gain on the consolidated income statement

Q : What percent of product expected fall outside specification

Q : How large could sales have been

Q : Organizations attempt to hide liability

Q : What is the projected inventory turnover

Q : What is the productivity for the month of january

Q : Developments in information technology

Q : What is the year 0 value of operations, in millions

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Accounting Basics: What is the projected inventory turnover

Reference No:- TGS091799

Recent Questions Asked Accounting Basics

Q : What was the gain on the consolidated income statement

Q : What percent of product expected fall outside specification

Q : How large could sales have been

Q : Organizations attempt to hide liability

Q : What is the projected inventory turnover

Q : What is the productivity for the month of january

Q : Developments in information technology

Q : What is the year 0 value of operations, in millions

Q : Determine the globalization potential of industries

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