(a)
Interpretation: Inventory turnover is to be computed.
Introduction: Inventory is the stock of goods that is kept by a company to meet the consumer demand. The inventory can be in transit, between activities, or finished goods. Inventory turnover shows the number of times inventory is sold to meet consumer demand.
(b)
Interpretation: Inventory turnover is to be computed.
Introduction: Inventory is the stock of goods that is kept by a company to meet the consumer demand. The inventory can be in transit, between activities, or finished goods. Weeks of supply is no. of weeks of inventory available to meet average weekly demand.
(c)
Interpretation: Inventory turnover is to be computed.
Introduction: Inventory is the stock of goods that is kept by a company to meet the consumer demand. The inventory can be in transit, between activities, or finished goods. Days of supply is no. of days of inventory available to meet average daily demand.
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