A recent accounting statement showed the following: Raw material (RM): Work in process (WIP): Finished goods...

 

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A recent accounting statement showed the following: Raw material (RM): Work in process (WIP): Finished goods (FG): Total sales revenue (R): 529,073 2,999,396 3,543,222 71,132,934 Cost of goods % of total revenue: Weeks of operation: What is the inventory turnover? (round to 2 decimal places) 50% 50 A recent accounting statement showed the following: Raw material (RM): Work in process (WIP): Finished goods (FG): Total sales revenue (R): 529,073 2,999,396 3,543,222 71,132,934 Cost of goods % of total revenue: Weeks of operation: What is the inventory turnover? (round to 2 decimal places) 50% 50