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Author Question: The average inventory at Hamilton Industries, comprising raw materials, work-in-process, and ... (Read 74 times)

vHAUNG6011

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The average inventory at Hamilton Industries, comprising raw materials, work-in-process, and finished goods, was found to be $17.2 million last year. If the cost of goods sold per week averaged $1.32 million, what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year.
◦ Less than or equal to 3.50
◦ Greater than 4.00
◦ Greater than 3.50 but less than 3.75
◦ Greater than 3.75 but less than 4.00


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Marked as best answer by vHAUNG6011 on Apr 18, 2020

Kingjoffery

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vHAUNG6011

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Reply 2 on: Apr 18, 2020
Great answer, keep it coming :)


cici

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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