Josh Smith, the Materials Manager at a Retail Store, Has

question 11

Multiple Choice

Josh Smith, the materials manager at a retail store, has determined that a particular product experienced 5 turns last year, with an annual sales volume of $15 million. What was the average inventory value for this product last year

• A) $1 million
• B) $2.5 million
• C) $3 million
• D) $4.5 million

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