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Fairchild garden supply expects 600 million of sales this

Fairchild Garden Supply expects $600 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories = $30.2 0.25(Sales). All dollars are in millions. What is the projected inventory turnover ratio for the coming year?

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Accounting Basics: Fairchild garden supply expects 600 million of sales this

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Accounting Basics: Fairchild garden supply expects 600 million of sales this

Reference No:- TGS0777842

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