A company wants to increase its inventory turnover to ten times per year from nine...
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A company wants to increase its inventory turnover to ten times per year from nine times per year by reducing the amount of inventory that it carries. The company expects that the inventory reduction will cause sales to decrease by 8% because customers will be less likely to find the items that they want to purchase. If the companys inventory currently is $850,000, what will be the companys inventory after the change?
1) $741,152
2) $736,250
3) $722,306
4) $712,745
5) $703,800
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