The finance department has been directed to reduce the cash-to-cash cycle time to 29.7 days. You...

The finance department has been directed to reduce the cash-to-cash cycle time to 29.7 days.

You are the warehouse manager and need to reduce the inventory to achieve that goal. Given the following information, what must your inventory level be?

Days in the period: 85

Sales: $14225000

AR: $2360000

AP: $5300000

Cost of Sales: 77.0

(Your answer should be in whole dollars)

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Expert Solution

ekkarill92 answered 2 years ago

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