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Performance compare with that of the industry

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The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc., had a cost of goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers's inventory turnover, and how does that performance compare with that of the industry? 

Reference no: EM13668280

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Performance compare with that of the industry : The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc., had a cost of goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers's inventory turnover, and how does t..
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