What was the inventory turnover of the company

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Reference no: EM132134563

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? Please include the formula, at least one step of calculation, and the correct answer for full credit. b) What was the weeks-of-supply of the company? Please include the formula, at least one step of calculation, and the correct answer for full credit.

Reference no: EM132134563

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