Determine the change in inventory

Reference no: EM131931489

Question: ABC had a net profit margin (net income / sales) of 3.2 percent, a total assets turnover (Sales / Assets) of 2.8, and an equity multiplier (Assets / Equity) of 2.9. Given this information, what was the firm's ROE? (Enter your answer in decimal form to three decimal places, which means convert the percentage into decimal form. For example, 12.3% would be entered as 0.123)

ABC Company's Inventory Turnover Ratio (COGS basis) is 10.8 and is expected to remain constant. If the cost of goods solds is expected to change this year from 437,000 to 279,000, by how much will inventory change? (if the answer is negative, remember to input the negative sign in your answer).

Reference no: EM131931489

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