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Josh Smith, the Materials Manager at a Retail Store, Has

Question 25

Multiple Choice

Josh Smith, the materials manager at a retail store, has determined that a particular product experienced 5 turns last year, with an annual sales volume of $15 million. What was the average inventory value for this product last year


A) $1 million
B) $2.5 million
C) $3 million
D) $4.5 million

Correct Answer:

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