Five jobs are waiting to be processed. Their processing times and due dates are given below. Using the shortestprocessing time d
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.