The following table provides 2012 financial information for Kroger (in $ million) Sales 95,751 Cost...
| Sales | 95,751 |
|---|---|
| Cost of goods sold | 76,858 |
| Inventory | 6,244 |
Homework Answers
Answer:-
(C) 12.3 turns/year
Explanation:-
Kroger's inventory turns in 2012 = Cost of Good sold/Inventory
Kroger's inventory turns in 2012 = 76858/6244
Kroger's inventory turns in 2012 = 12.3 turns/year
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The following table provides 2012 financial information for Kroger (in $ million)
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