Next year a tire company wants to have an inventory turnover rate of 22 times per year.To achieve this turnover rate,what should be the average number of days of supply?
A)16.6 days
B)36 days
C)0.6 days
D)22 days

Question

Quizplus · Accepted Answer

To calculate the average number of days of supply for a given inventory turnover rate, you divide the number of days in a year (365) by the turnover rate. For a turnover rate of 22 times per year, it's 365 / 22 = 16.6 days.

Next Year a Tire Company Wants to Have an Inventory