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Inventory turnover of the company

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Reference no: EM131941418

Suppose a company made $2,000,000 in revenue last year. The cost of goods sold was $85,000 last year, and the average inventory value for the year was $50,000.

(a) What was the inventory turnover of the company?

(b) What was the weeks-of-supply of the company?

Reference no: EM131941418

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