Acme Corp Averages $15 Million Worth of Inventory in All

question 160

Multiple Choice

Acme Corp averages $15 million worth of inventory in all of its worldwide locations. The enterprise operates 51 weeks a year with each week averaging $3 million in sales (at cost) . Determine the inventory turnover.

• A) 5 turns
• B) 19 turns
• C) 1.13 turns
• D) 10.2 turns

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Definitions:

Objective Measures

Quantitative benchmarks or criteria used to assess performance or success, free from personal bias.

Worker Satisfaction

The level of contentment employees feel with their job and work environment, often influencing productivity and retention.

Virtual Teams

Groups of individuals who work together from different geographic locations, connected by communication technologies.

Teamwork

Cooperative effort by a group of people to achieve a common goal, often characterized by communication, collaboration, and mutual support.