Author Question: Henderson Corporation is a supplier of alloy ball bearings to auto manufacturers in Detroit. Because ... (Read 84 times)

Lisaclaire · **on:** Apr 18, 2020

Henderson Corporation is a supplier of alloy ball bearings to auto manufacturers in Detroit. Because of the specialized manufacturing process employed, considerable work-in-process and raw material inventories are created. The current inventory levels are $1,152,000 and $2,725,000, respectively. In addition, finished goods inventory is $3,225,000, and sales (at cost) for the current year are expected to be about $24 million. The inventory turnover that Henderson Corporation is currently expecting is:
◦ less than 2.0.
◦ greater than 3.0.
◦ greater than 2.0 but less than 2.5.
◦ greater than 2.5 but less than 3.0.

gabrielle_lawrence · **Reply #1 on:** Apr 18, 2020

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