The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc., had a

Question:

The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc., had a cot of goods sold last year of $10.5 million; its average inventory was $10 million. What was Organic Grocer’s Organic Grocers’s inventory turnover, and how does that performance compare with that of the industry?


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Operations management

ISBN: 978-0132163927

10th edition

Authors: Jay Heizer, Barry Render

Question Posted: