Manufacturing company producing medical devices

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Reference no: EM132275052

A manufacturing company producing medical devices reported $50 million in sales over the last year. At the end of the same year, the company had $17 million worth of inventory of ready-to-ship devices.

(Round your answer to 1 decimal place.)

Assuming that units in inventory are valued (based on cost of goods sold) at $750 per unit and are sold for $2000 per unit, what is the company’s annual inventory turnover?

Reference no: EM132275052

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