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QUESTION
Suppose a company made $2,000,000 in revenue last year. The cost of goods sold was $85,000 last year, and the average inventory value for the year...
1. Suppose a company made $2,000,000 in revenue last year. The cost of goods sold was $85,000 last year, and the average inventory value for the year was $50,000.
(a) What was the inventory turnover of the company?
(b) What was the weeks-of-supply of the company?
