Henderson corporation is a supplier of alloy ball bearings, Ask an Expert

Finance

Henderson Corporation is a supplier of alloy ball bearings to auto manufacturers in Detroit.

Because of the specialized manufacturing process employed, considerable work-in-process and raw material inventories are created.

The average inventory levels are $1,152,000 and $2,725,000, respectively.

In addition, finished goods inventory is $3,225,000, and sales (at cost) for the current year are expected to be about $24 million.

The inventory turnover that Henderson Corporation is currently expecting is: (Please show formula not excel)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92742082

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