A regional distributor purchases discontinued appliances from various suppliers and then sells them on demand to retailers in the region. The following data are estimated for a counter-top mixer: Annual demand = 5,000 mixers Unit cost = $100 Inventory carrying cost = 10% Ordering Costs = $40 per order What is the minimum total annual cost? The minimum total annual cost is Question 39 8 pts The 2017 income statement of Company XYZ shows a gross margin of $400 on a revenue of $2,000. The company's 2016 and 2017 balance sheets show an inventory of $175 and $225 respectively. What is the inventory turns ratio for 2017? The inventory turns ratio for 2017 =