Joe's Beer,Bait,&Tackle Co.is a small chain of fishing tackle stores in northern Minnesota.In2009,the company's revenue was $4,300,000 and its cost of sales was $3,200,000. Assume 52 weeks and 365 days per year
Joe keeps only 5.5days of supply of inventory on average because much of his inventory is live bait and micro- brew beer,both of which have a short shelf life. What is his annual inventory turns?