Calculate the inventory turnover metric

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Reference no: EM13971599

The Ozzie Chocolate Company is a small candy manufacturer that specializes in dark chocolate candies. The firm has grown rapidly in recent years and is becoming concerned that its supply chain is less efficient than it should be. In particular, it's concerned about its level of inventory. Below is data from its annual report. Analyze the data and answer the following question.

Net Revenue	$22481
Cost of Goods Sold	$31047
Raw Material Inventory	$8282
Work-In-Process Inventory	$9314
Finished Goods Inventory	$2979
Non-Inventory Assets	$44233

Calculate the inventory turnover metric for this data. Your answer should have three (3) decimal places in it.

Reference no: EM13971599

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