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What is average length of time a piece of jewelry

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Reference no: EM131838437

A high-street jewelry store has the following values on its annual reports:

Cost of Goods Sold = $1.2 million

Average Inventory = $1.4 million

What is average length of time a piece of jewelry stays in the store (years) for this high-street jewelry store (T)?

Hint: COGS is the Rate (R): $/year

a) 0.86

b) 1.17

c) 1.2

d) 1.4

Reference no: EM131838437

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