Company!mediumLsized!consumer!electronics!retailer.company!reported! $155,000,000!revenues!$110,050,000!Costs!Goods!(COGS). same!year,!

Tech!Company!is!a!mediumLsized!consumer!electronics!retailer.!The!company!reported!$155,000,000!in!revenues!for!2007!and!$110,050,000!in!Costs!of!Goods!Sold!(COGS).!In!the!same!year,!Tech!Co.!held!an!average!of!$20,000,000!in!inventory.!!TC1.!How!many!times!did!Tech!Co.!turn!its!inventory!in!2007?!!!TC2.!Inventory!cost!at!Tech!Co.!is!35!percent!per!year.!What!is!the!per!unit!inventory!cost!for!an!MP3!player!sold!at!$50?!Assume!that!the!margin!corresponds!to!the!retailer’s!average!margin.!