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18 November, 00:48

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:

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  1. 18 November, 02:09
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    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
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