Inventory Turnover
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Galaxy Corp has an average of 80 days of inventory on hand while the industry standard for inventory is 5. Is Galaxy better or worse than the industry? How many more (or fewer days of inventory does the company have on hand v. the industry. (round to nearest number of days)
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Solution Summary
The expert examines inventory turnover for Galaxy Corp.
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We first covert the turnover to number of days.
Number of days of inventory ...
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