The average inventory shown on Drip-Fixer Plumbing’s balance sheet is $270,000. The inventory conversion period is nine days. (a) What is the inventory turnover? (b) What amount of inventory does Drip-Fixer normally purchase each day?
Call Us: USA +1 862 207 3288
The average inventory shown on Drip-Fixer Plumbing’s balance sheet is $270,000. The inventory conversion period is nine days. (a) What is the inventory turnover? (b) What amount of inventory does Drip-Fixer normally purchase each day?