A Firm with a Stockturn Rate of 5 That Sells

question 46

Multiple Choice

A firm with a stockturn rate of 5 that sells products that cost it $150,000 per year is keeping an average of ________ worth of inventory.

• A)$75,000
• B)$150,000
• C)$750,000
• D)$4,000
• E)$30,000