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Case: Andrew Manufacturing held an average inventory of $1.4 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.3 million, and its cost of goods sold was $5.2 million. The firm operates 255 days a year. What is the inventory days' supply? Do not round intermediate calculations. Round your answer to one decimal place.
Inventory days' supply (IDS): days
Question: What target inventory level is necessary to reach a 25- and 15-day inventory days' supply during the next two years? Do not round intermediate calculations. Round your answers to the nearest dollar.
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