A company that produces printer cartridges had cost of goods sold last year of $629,462,423. 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) 3.7 turns.
B) 2.5 turns.
C) 13.5 turns.
D) 28.3 turns.
Correct Answer:
Verified
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