Operations Management
Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Chapter 10, Problem 17PA

A retailer has annual sales of $500,000 and an average finished-goods inventory of $15,000. If the retailer sells each unit for an average of $25 and purchases the units for $15, what is its annual inventory turnover?

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