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Zara a retail clothing store known as being a leader of the fast fashion trend, changes its inventory about every few weeks. This strategy keeps

Zara a retail clothing store known as being a leader of the "fast fashion" trend, changes its inventory about every few weeks. This strategy keeps customers coming back to its stores frequently to see the new apparel items. Erin was curious to know how frequently Zara's inventory is turned over, so she tracked down the company's financial statements and found the following information: Cost of Goods Sold: $260,000,000 Total Revenue: $300,000,000 Beginning Inventory: $15,000,000 Ending Inventory: $5,000,000 Using these numbers, what is Zara's average annual inventory turnover?


inventory is turned over about every 4 weeks (once per month) 


inventory is turned over about every 2 weeks 


inventory is turned over about every 3.25 weeks 


inventory is turned over about every 2.6 weeks 


inventory is turned over every week

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