What is the firm inventory turnover

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Reference no: EM132110356

Suppose the revenue for a firm is $8,000,000. Its cost of goods sold is $200,000, and its average inventory value for the year is $100,000.

a) What is the firm’s inventory turnover?

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

Reference no: EM132110356

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