Acme Corp averages $15 million worth of inventory in all of its worldwide locations. The enterprise operates 51 weeks a year with each week averaging $3 million in sales (at cost). Determine the inventory turnover.
A) 5 turns
B) 19 turns
C) 1.13 turns
D) 10.2 turns

Question

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The Answer of Acme Corp averages $15 million worth of inventory in all of its worldwide locations. The enterprise operates 51 weeks a year with each week averaging $3 million in sales (at cost). Determine the inventory turnover.
A) 5 turns
B) 19 turns
C) 1.13 turns
D) 10.2 turns

Acme Corp Averages $15 Million Worth of Inventory in All