What is the firm inventory turnover

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Reference no: EM131116513

Suppose the revenue for a firm is $8,000,000. Its cost of goods sold is $300,000, and its average inventory value for the year is $100,000. a) What is the firm’s inventory turnover? Please include the formula, at least one step of calculation, and the correct answer for full credit. b) What is the weeks-of-supply of the firm? Please include the formula, at least one step of calculation, and the correct answer for full credit.

Reference no: EM131116513

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