Sarah's Smart Shop has an inventory turnover ratio of 3 times per year and an average inventory of $156,000
If Sarah could manage her inventory better and increase the number of turnovers to the industry average of 6 times per year, what average inventory would she need to generate the same level of sales?
A) $78,000
B) $52,000
C) $468,000
D) $312,000
A
Business
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