What will be their average inventory

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Reference no: EM132224054

Cy-Sport Store ended the current year (2014) with total annual sales (at cost) of $18 million. The inventory turned over 2.5 times.

a. What was the average inventory for CY-Sport Store?

b. If they expect sales (at cost) to increase 10% next year and want to maintain the same inventory turnover ratio, what will be their average inventory?

Reference no: EM132224054

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