What was the inventory turnover rate

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Reference no: EM132095038

1. It’s clear that, in general, the company’s growth initiatives were sound in terms of generating the growth expected by Wall Street. But which of Starbucks’ initiatives, in retrospect, were sound decisions for the brand and which were inconsistent with brand positioning?

2. Akers Inc. maintains average inventory of $1,450,000 (at cost). Last year, Akers’ sales volume was $14,500,000 and cost of goods sold was $8,990,000. Akers has determined that its inventory carrying cost is 20 percent annually.

a. What was the inventory turnover rate?

Inventory turnover rate __________ times

b. How much was the inventory carrying cost for the year?

Inventory carrying cost ___________

Reference no: EM132095038

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