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Author Question: Maple Leaf, Inc., a television manufacturer, would like to reduce its inventory. To this end, you ... (Read 120 times)

nevelica

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Maple Leaf, Inc., a television manufacturer, would like to reduce its inventory. To this end, you are asked by the operations manager to assess its inventory level. You have the following information on inventories from last year's financial statement:
Raw materials $2,500,000
Work-in-process $1,000,000
Finished goods $800,000
In addition, the cost of goods sold last year (50 weeks) was $15 million. What was the inventory turnover?
◦ Greater than four
◦ Greater than two but less than three
◦ Less than or equal to two
◦ Greater than three but less than four


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Marked as best answer by nevelica on Apr 18, 2020

anoriega3

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nevelica

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Reply 2 on: Apr 18, 2020
YES! Correct, THANKS for helping me on my review


T4T

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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