How much could it reduce its average inventory

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Stephens' Offrce Supply (SOS) fiscal year just ended (9130117). SOS had sales of $10.0 million and cost of goods sold of $4.{ million. Beginning inventory Ql30ll6) was $1.60 million and ending inventory was $2.0 million. What was SOS average inventory tuinover? The industry average inventory'turnover is 4.4 times. If SOS can improve its inventory turnover to the industry average, then how much could it reduce its average inventory?

Reference no: EM133305499

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