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APICS Exam CLTD Topic 6 Question 87 Discussion

Actual exam question for APICS's CLTD exam
Question #: 87
Topic #: 6
[All CLTD Questions]

A corporation is projecting annual sales at S35 million, cost of goods sold (COGS) at S25 million, and administrative expenses at $3 million. In order to meet its corporate inventory turns goal of 5.0, their inventory level must average:

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Suggested Answer: D

by Catarina at Sep 17, 2024, 04:00 AM

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Nancey
13 days ago
I think the answer is B) $5 million. The inventory level must average to meet the corporate inventory turns goal of 5.0, and given the annual sales and COGS, $5 million seems like the right amount.
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Justine
31 minutes ago
I think it's C) $7 million because the inventory level needs to be higher to meet the corporate inventory turns goal.
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Gwenn
1 days ago
I agree, B) $5 million seems to be the correct answer based on the information provided.
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Alaine
19 days ago
I'm not sure, but I think the answer might be B) $5 million.
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Beatriz
22 days ago
I disagree, I believe the answer is D) $7.6 million.
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Marilynn
27 days ago
I think the answer is A) $4.4 million.
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