Purchasing The formulas below will be helpful for this assignment: Inventory to sales ratio: remaining...
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Purchasing The formulas below will be helpful for this assignment: Inventory to sales ratio: remaining inventory / amount of inventory sold Inventory purchase: (1 + target inventory to sales ratio) * forecasted sales current inventory QUESTION 2 Calculate the target inventory and purchase amount in the table below using a target inventory/sales ratio of 0.5: Tops Pants Current Inventory 660 1,040 Projected Sales 1,800 1,850 Target Inventory 0 0 Purchase Amount 0 0
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