Ask Question
15 January, 13:05

Padco averages $5 million worth of inventory in all of its worldwide locations. they operate 50 weeks a year and each week average $3 million in sales (at cost). their inventory turnover is:

+3
Answers (1)
  1. 15 January, 13:20
    0
    Their inventory turnover is 30 Turns

    The inventory turnover is calculated through

    (Cost of Goods Sold) / (Inventory)

    (3 million x 50) / (5 million)

    150 million / 5 million

    = 30 Turns
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Padco averages $5 million worth of inventory in all of its worldwide locations. they operate 50 weeks a year and each week average $3 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers