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? 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? 

Answer rating: 100% (QA)

Calculate Cost of Goods Sold COGS Since the revenue is double the COGS due to the 100 mar... View the full answer