A company that produces specialized video equipment had cost of goods sold last year of $127,000,000. The average value of inventory for raw materials, work-in-process, and finished goods are shown in the table below:
If the company operates 50 weeks per year then the number of inventory turns would be
A) 1.4 turns.
B) 4.4 turns.
C) 9.0 turns.
D) 10.2 turns.
Correct Answer:
Verified
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