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31 December, 14:33

the materials manager at a retail store, has determined that a particular product experienced 5 turns last year, with an annual sales volume of $15 million. What was the average inventory value for this product last year

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  1. 31 December, 18:20
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    that particular product has experienced 5 turns last year.

    annual sales came up to $15 million

    the average inventory value for this product on last year will be

    = 15 / 5 million

    = $ 3 million.

    $ 3 million is the average inventory value for this product.
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