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11- A manufacturer of snacks has a cost of sales of $ 15 million in its income statement on income of $ 90 million. At
11- A manufacturer of snacks has a cost of sales of $ 15 million in its income statement on income of $ 90 million. At the beginning of the year, inventory was valued at $ 2.5 million, and at the end of the year it was $ 2 million. What is the inventory turnover of the company? a) 7 times the average inventory is rotated b) 2 times the average inventory is rotated c) 33 times the average inventory is rotated d) 40 times the average inventory is rotated
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