By how much will inventory change

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Question: ABC Company's Inventory Turnover Ratio (COGS basis) is 7.3 and is expected to remain constant. If the cost of goods solds is expected to change this year from 333,000 to 318,000, by how much will inventory change? (if the answer is negative, remember to input the negative sign in your answer).

Reference no: EM131925250

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