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10. Fairchild 10. Fairchild Garden Supply expects $580 million of sales this year, and it forecasts a 15% increase for next y
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Answer #1

Next year sales = current sales * (1+ growth rate)

= 580 million * (1+15%)

= 667 million

Next year inventory = 30.2 + 0.2 * 667

= 163.6 million

Inventory turnover ratio = sales/inventory

= 667/163.6

= 4.07

hence choose d)

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