PDC averages $15 million worth of inventory in all its worldwide locations. They operate 51 weeks...
- PDC averages $15 million worth of inventory in all its
worldwide locations. They operate 51 weeks a year and each week
average $3 million in sales (at cost). Their inventory turnover is:
- 17 turns.
- 1.13 turns.
- 5.0 turns.
- 10.2 turns.
Homework Answers
d. 10.2 turns
Inventory Turnover = (Cost of goods sold/Average Inventory)
= (3*51/15)
= 10.2 turns
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PDC averages $15 million worth of inventory in all its
worldwide locations. They operate 51 weeks...
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