What is the projected inventory turnover ratio for year

Assignment Help Finance Basics

Reference no: EM13291355

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?

Reference no: EM13291355

Questions Cloud

Explain what happens to your calculations : this is a post lab question: you did not correct for the barometric pressure for the vapor pressure of water. what happens to your calculations

How much new stock must it issue : If the company follows a residual dividend policy, how much dividends will it pay or, alternatively, how much new stock must it issue?

Calculate wavenumber b and wave length of a uniform wave : Calculate wavenumber B and wave length λ. Sketch Wave At Z=0 and Z=λ/4, and λ/2. Determine Magnetic Field Intensity H.

Find the approximate number of capillaries in the human body : The aorta carries blood away from the heart at a speed of about 40 cm/s and has a radius of approximately 1.1 cm. find the approximate number of capillaries in the human body

What is the projected inventory turnover ratio for year : 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.

Explain the barometric pressure for the vapor pressure : for the experiment with eudiometer, you did not correct for the barometric pressure for the vapor pressure of water.

What will the value of this stock be 5 years from today : Long Life Floors just paid an annual dividend of $0.82 a share and plans on increasing future dividends by 2 percent annually. The discount rate is 15 percent. What will the value of this stock be 5 years from today?

Explain what differences would expect to observe : what differences would you expect to observe. Would the order of reaction change with respect to the dye? Would the rate constant change

Which of the following assumptions is embodied in the afn : Which of the following assumptions is embodied in the AFN formula?

User Account

All Pages