What is the firm inventory turnover

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Reference no: EM132183120

Suppose the revenue for a firm is $1,000,000. Its cost of goods sold is $100,000, and its average inventory value for the year is $40,000.

What is the firm’s inventory turnover? Please include the formula, at least one step of calculation, and the correct answer for full credit.

What is the weeks-of-supply? Please include the formula, at least one step of calculation, and the correct answer for full credit.

Reference no: EM132183120

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