C&A has on average $6000 in inventory and its daily sales are $200. What are C&A's weekly inventory turns (assuming demand occurs seven days a week)?
A. 85.7, B. 28.7, C..23, D. 0.3
Homework Answers
The correct option is c. 0.23
Inventory = 6000
Daily sales = 200
Weekly sales = 7 * 200 = 1400
Inventory turns = weekly sales / inventory
= 1400 / 6000 = 0.23
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