Blanchard,Inc.provided the Following for 2017

question 85

Multiple Choice

Blanchard,Inc.provided the following for 2017:

Calculate the company's inventory turnover ratio for the year.(Round your answer to two decimal places. )

• A)3.69 times per year
• B)2.53 times per year
• C)1.92 times per year
• D)1.26 times per year

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Definitions:

Macroeconomics Factors

The broad external economic forces that affect an economy's performance, including inflation, unemployment rates, and GDP growth.

Seasonal Goods

Products whose demand or availability fluctuates with the seasons of the year, such as winter coats or sunblock.

CPFR System

Collaborative Planning, Forecasting, and Replenishment system designed to enhance supply chain integration by supporting and assisting joint practices.

Cross Functional

Involving or encouraging cooperation among various departments or disciplines within an organization.