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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:____________

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Answer:

Henderson Corporation has an average inventory levels are $1,152,000 and $2,725,000 for work-in-progress and raw material respectively. With a finished goods inventory is $3,225,000, and sales (at cost) for the current year are expected to be about $24 million.

With a total inventory of $(1152000+2725000+3225000) = $7,102,000 and an expected sales at cost of about $24 million for the current year. Henderson Corporation turnover is currently expecting to be greater than 3.0.

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