1. A grocery chain recently reported annual sales of $79 millions and inventory of $35 million. Assuming that units in inventory are valued (based on cost of goods sold) at $1350 per unit and are sold for $2250 per unit, what is the company’s annual inventory turnover?
2. Select, and describe through a real or theoretical example, one financial analysis technique used in the project selection process.
3. Describe the three popular measures of forecast accuracy. Which is the better one to use?