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Inventory Management Walkins Manufacturing Has Annual Sales Of
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Inventory management Walkins Manufacturing has annual sales of $4 million and a gross profit margin of 40%. Its end of the quarter inventories areQuarter Inventory
1 $400,0002 800,0003 1,200,0004 200,000
a. Find the average quarterly inventory and use it to calculate the firms inventory turnover and the average age of inventory.
b. assuming that the company is an industry with an average inventory turnover of 2.0, how would you evaluate the activity of Wilkins inventory?
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