The Inventory Turnover for an Industry Is 6 (Every Two

question 79

Essay

The inventory turnover for an industry is 6 (every two months)but Slow Corp. turns over its inventory 4 times a year (every three months).  If annual sales are $1,000,000 and the interest cost to carry inventory is 12 percent, what is the potential savings in interest expense if the firm achieves the industry for the turnover of its inventory?

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Fundamental principles or structures that support or hold up a system, organization, or ideology.

Business Sustainability

refers to the strategies and practices a company employs to manage its environmental, social, and economic impacts while ensuring longevity and success.

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Agreed-upon principles or criteria set by international bodies or agreements to guide actions and policies across nations.

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