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The grocery industry has an annual inventory turnover of about 16 times. Organic Grocers, Inc., had a cost of goods sold last year of (
The grocery industry has an annual inventory turnover of about 16 times. Organic Grocers, Inc., had a cost of goods sold last year of \( \$ 11,480,000 \); its average inventory was \( \$ 984,540 \). W 
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Management
Authors: Michael A. Hitt, Stewart Black, Lyman W. Porter
3rd edition
132553287, 978-0132553285
