A product manager is eager to develop a new product idea. To gain approval to do so, the product manager orders the research tea
1 answer:
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Answer:
2.7
Explanation:
The inventory turnover is defined as the ratio between the cost of merchandise sold during the year and the average inventory.
Average inventory can be defined as the mean between initial and ending inventory. The inventory turnover is:
The inventory turnover ratio is 2.7.