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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
Baryl Inc. manufactures high quality decorator lamps in a plant located in Eastern Tennessee. Last year the firm had sales of $100 million and a gross profit margin of 40%
a. How much inventory can Baryla hold and still maintain an inventory turnover ration of a t least 6.0 times?
Giv-----------en,----------- Sa-----------les----------- = -----------$10-----------0 m-----------ill-----------ion----------- Gr-----------oss----------- pr-----------ofi-----------t m-----------arg-----------in -----------= 4-----------0% -----------Cos-----------t o-----------f g-----------ood-----------s s-----------old----------- = -----------1 ------------ gr-----------oss----------- pr-----------ofi-----------t m-----------arg-----------in -----------= 6-----------0%=----------- 60----------- mi-----------lli-----------on -----------Inv-----------ent-----------ory----------- tu-----------rno-----------ver----------- ra-----------tio----------- = -----------cos-----------t o-----------f