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Question from SUPPLY CHAIN MANAGEMENT chapter 11 pg 467 The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc. had

Question from SUPPLY CHAIN MANAGEMENT chapter 11 pg 467

The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc. had a cost of goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers inventory turnover, and how does that performance compare with that of the industry?

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