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QUESTION
Consider a firm with a 2009 net income of $20 million, revenue of $60 million and cost of goods sold of $25 million.
Consider a firm with a 2009 net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover?b.Consider a firm with a 2009 net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, how many weeks of supply does the firm hold?
