Bizsupply, a manufacturer of office supplies, ended the current year with annual sales (at cost) of $69 million. During the year, the inventory of accessories turned over eight times. For the next year, Bizsupply plans to increase annual sales (at cost) by 25 percent.
Required:
What is the increase in the average aggregate inventory value required if Bizsupply maintains the same inventory turnover during the next year?
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Bizsupply, a manufacturer of office supplies, ended the current year with annual sales (at cost) of...
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