Compute the annual turns, Your company has an average

Compute the annual turns

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Reference no: EM13103830

Your company has an average annual inventory of $70 million. Its annual cost of goods sold (COGS) is $560 million. Order costs are $195 per order, and inventory carrying costs are estimated at 23%. What are the annual turns (how many order cycles are there per year)?
A. 8
B. 4
C. 6
D. 0.125

Reference no: EM13103830

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