Illustrate what is the inventory turnover

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Q. a. Consider an industry with a 2009 net income of $20 million, revenue of $60 million also cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory also $500,000 of property, plant & equipment, illustrate what is the inventory turnover?

b. Consider an industry with a 2009 net income of $20 million, revenue of $60 million also cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory also $500,000 of property, plant & equipment, explain how many weeks of supply does the industry hold?

Reference no: EM1377385

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