How many times each year does company turn its inventory


Question: ABC Inc. reported $75 million in revenue for last year. On average, over the same year, the company had $25 million worth of inventory in their warehouses. Assume that units in inventory are valued based on COGS and that the company has a 100% markup on all products. How many times each year does the company turn its inventory?

 

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Accounting Basics: How many times each year does company turn its inventory
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