Question
Store selling soaps and bath items has an average inventory of 15,000. Sales last year were $62,000. His total assets were $500,000. Their net profit
Store selling soaps and bath items has an average inventory of 15,000. Sales last year were $62,000. His total assets were $500,000. Their net profit was $9,000. Calculate the retailers inventory turnover.
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Operations Management
Authors: William J Stevenson, Mehran Hojati, James Cao
6th Canadian Edition
1259270157, 978-1259270154
