wazzuphottie6112
23.03.2020 •
Business
Padco averages $15 million worth of inventory in all of its worldwide locations. They operate 51 weeks a year and each week average $3 million in sales (at cost). Their inventory turnover is.
a.17 turns.
b. 5 turns.
c. 1.13 turns.
d. 10.2 turns.
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Ответ:
Option (d) is correct.
Explanation:
Given that,
Average inventory in all of its worldwide locations = $15 million
Operate in a year = 51 weeks
Weekly cost of goods sold = $3 million
Annual cost of goods sold:
= Weekly cost of goods sold × Number of weeks in a year
= $3 million × 51 weeks
= $153 million
Inventory turnover:
= Cost of goods sold ÷ Average inventory
= $153 million ÷ $15 million
= 10.2 turns
Ответ:
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