Not Attempted Attempted BOOkmarked Case Link Question (8) Directions: Click the

Question

Not Attempted Attempted BOOkmarked Case Link Question (8) Directions: Click the Case Link above and use the information provided in Revolutionary Designs, Inc, Part B, to answer this question: What effect did the change in the holding period (invento Designs financing needs? (Round your days on hand calculation to two decimal places.) ry days on hand) during 20Y3 have on Revolutionary O Financing needs decreased by approximately $296,000 O Financing needs increased by approximately $296,000 OFinancing needs decreased by approximately $68,000. O Financing needs increased by approximately $68,000

Explanation / Answer

The overall holding period of inventory has come down and hence there is a reduction of the holding period of inventory which had lead to the change in the financing needs of the company .

As there is a change in the needs by ( 298000-230000) , it shows the decrease by 68000 of the overall finaning needs of the company on an overall level.

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