What is the firms inventory turnover

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Reference no: EM13762705

Suppose the revenue for a firm is $2,000,000. Its cost of goods sold is $85,000, and its average inventory value for the year is $50,000.

a) What is the firm’s inventory turnover? Please include the formula, at least one step of calculation

b) What is the weeks-of-supply of the firm? Please include the formula, at least one step of calculation

Reference no: EM13762705

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