Use the Following Figures (Stated in Millions of Dollars) to Compute

question 153

Essay

Use the following figures (stated in millions of dollars) to compute the inventory
turnover and the days' inventory on hand:

a. Inventory turnover = ___________________
b. Days' inventory on hand = ___________________

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Definitions:

Refrigerators

Appliances used for keeping food and drinks cold, slowing down the spoilage process.

Grains

Seeds of grasses cultivated for food, a staple in many diets around the world, such as wheat, rice, and corn.

Vegetables

Various plant parts consumed by humans as food including leaves, roots, flowers, seeds, and stalks.

Fruits

The seed-bearing structures of flowering plants that are often sweet or sour and consumed as food.