Managing Supply Chain and Operations 1st Edition by Thomas Foster ,Scott Sampson,Cynthia Wallin,Scott Webb

Exercise 10

Last year, an online retailer of tennis equipment carried an average inventory of $8,000,000. The retailer reported sales revenue of $30,000,000 last year with a cost of goods sold of $18,000,000. Use this information to calculate the inventory turnover for the retailer last year.