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How much is the company inventory turnover

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Organic Ways is a large food and drug retailer with more than 1,700 stores in the U.S. and Canada. The following financial information relates to fiscal years, 2017 and 2018.

(In Millions)                     2018            2017

Sales                     $34,286        $38,185

Cost of goods sold     32,000      34,000

Accounts receivable    577              461

Merchandise inventory 2,905       2,510

Problem 1: How much is the company's inventory turnover for 2018?

Option 1: 11.02 times
Option 2: 33.12 times
Option 3: 9.08 times
Option 4: 11.8 times

Reference no: EM132813069

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