Problem: MedDev Inc.

MedDev Inc. is a manufacturing company producing medical devices that reported $$60,000,000$ in sales over the last year. At the end of the same year, the company had $$20,000,000$ worth of inventory of ready$-$to$-$ship devices.

$2.$

Question $2$

Assuming that units of inventory are valued $($based on COGS$)$ at $$1,000$ per unit and are sold at $$2,000$per unit, how many days, on average, does a device stay in MedDev$$s inventory before it is sold? $($number only and decimal up to the second place, ex: $000\mathrm{.}00)$

$1$ point

Enter answer here

$3.$

Question $3$

What are MedDev$$s yearly inventory turns? $($number only$)$

$2$ points

Enter answer here

$4.$

Question $4$

Assuming a $25\%$ annual inventory cost, what are the per unit inventory holding costs for each device$($in $ per unit$)?($number only and decimal up to the third place ex: $000\mathrm{.}000)$