Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 28 Sep 2017 My Price 3.00

materials management,

If the annual cost of goods sold is $30,000,000 and the average inventory is $10,000,000:

a. What is the inventory turns ratio?

b. What would be the reduction in average inventory if, through better materials management, inventory turns were increased to 10 times per year?

c. If the cost of carrying inventory is 20% of the average inventory, what is the annual savings?

Answers

(5)
Status NEW Posted 28 Sep 2017 01:09 PM My Price 3.00

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