Your company has an average inventory of $70 million. Annual cost of goods sold (COGS) is $280 million. Profit in the most recent year was $140 million. What are annual inventory turns for your company

the annual inventory turns for your company is 4 times

Explanation:

The computation of the annual inventory turns is shown below:

= Annual cost of goods sold ÷ average inventory

= $280 million ÷ $70 million

= 4 times

Hence, the annual inventory turns for your company is 4 times

Therefore the above formula should be applied and the same should be used

$18,000

Explanation:

Given that,

Number of shares = 1,800

Undervalued by = $16

Overvalued by = $6

Profit:

= (Number of shares × undervalued amount) - (Number of shares × Overvalued amount)

= (1,800 × $16) - (1,800 × $6)

= $28,800 - $10,800

= $18,000

Therefore, if you could get 1,800 shares in Woods and 1,800 shares in Speith then your profit would be $18,000.