What will the forecasted inventory balance


Assume that your firm wants its Inventory Turnover ratio next year to be 7x. Cost of goods Sold is forecasted to be $6,992. What will the forecasted inventory balance have to be to achieve a Turnover ratio of 7x?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What will the forecasted inventory balance
Reference No:- TGS082833

Expected delivery within 24 Hours