The Average Inventory at Hamilton Industries, Comprising Raw Materials, Work-

question 102

Multiple Choice

The average inventory at Hamilton Industries, comprising raw materials, work- in- process, and finished goods, was found to be $17.2 million last year. If the cost of goods sold per week averaged $1.32 million, what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year.

• A) less than or equal to 3.50
• B) greater than or equal to 3.50 but less than 3.75
• C) greater than or equal to 3.75 but less than 4.00
• D) greater than or equal to 4.00