Target Inventory Turns

Answered

Target's cost of goods sold $($COGS$)$ for the previous $12$ months ending in July $2023$ was $$79\mathrm{.}8$ billion. Meanwhile, their inventory cost was $$13\mathrm{.}5$ billion. Using the idea that a flow unit is a US dollar $($$$),$ how many inventory turns did Target have in those previous $12$ months?

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$5\mathrm{.}9$ Inventory Turns$/$Year

b $3\mathrm{.}4$ Inventory Turns$/$Year

$2\mathrm{.}8$ Inventory Turns$/$Year

$0\mathrm{.}2$ Inventory Turns$/$Year