In 2014, Vulcan Materials had revenue of $2,994 million, cost-of-goods sold of $2,127 million, and inventory of $321.8 million.
What was their monthy turns?
Monthly Turns = COGS/Inventory = 2127/321.8 = 6.61 times
Monthly Turns = 12Months/6.61 = 1.8 Months or 365days/6.61 = 55.21 days
In 2014, Vulcan Materials had revenue of $2,994 million, cost-of-goods sold of $2,127 million, and inventory...
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