Question: Course: Operations Management DO NOT COPY OTHER RESOURCES TO ANSWER THIS QUESTION! MUST BE IN YOUR OWN WORK OR IN YOUR OWN WORDS! YOU MUST

Course: Operations Management DO NOT COPY OTHER

Course: Operations Management DO NOT COPY OTHER RESOURCES TO ANSWER THIS QUESTION! MUST BE IN YOUR OWN WORK OR IN YOUR OWN WORDS! YOU MUST SHOW ALL WORK! 11.7 The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc. had a cost of goods sold last year of $10.5 million; its average inventory was 51.0 million. What was Organic Grocers' inventory turnover, and how does that performance compare with that of the industry

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