What is their inventory turnover-about inventory utilization

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Urbanite Hip is a clothing store catering to college students and young professionals. It carries fashion merchandise and wants to ensure that it is using inventory effectively. Cost of goods sold is $5,000,000 and average inventory in dollars is $250,000. a. What is their inventory turnover? b. What is the weeks of supply, assuming 52 weeks per year? c. What do these numbers tell you about Urbanite’s inventory utilization?

Reference no: EM131367029

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