Andrew Manufacturing held an average inventory of $1.1 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.0 million, and its cost of goods sold was $5.2 million. The firm operates 295 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 What target inventory level is necessary to reach a 30- and 15-day inventory days' supply during the next two years? Do not round intermediate calculations. Round your answers to the nearest dollar. Target inventory level (30-day): $   Target inventory level (15-day): $

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Andrew Manufacturing held an average inventory of $1.1 million (raw materials, work-in-process, finished goods) last year. Its sales were $8.0 million, and its cost of goods sold was $5.2 million. The firm operates 295 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

What target inventory level is necessary to reach a 30- and 15-day inventory days' supply during the next two years? Do not round intermediate calculations. Round your answers to the nearest dollar.

Target inventory level (30-day): $  

Target inventory level (15-day): $  

 

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