Given the following company data:

Raw Materials = $17,500,000 Work-in-Process = $9,300,000 Finished Goods = $6,400,000

Cost of Goods Sold = $470,000,000

Open 365 days a year

1. What are the number of yearly inventory turns?

A. approximately 365 turns per year

B. approximately 25.8 turns per year

C. approximately 14.2 turns per year

D. approximately 5167 turns per year

2. True or false: Lower inventory costs are associated with fewer annual inventory turns

3. How many days of supply are there on average?

Group of answer choices

A. approximately 90 days of supply

B. approximately 25.8 days of supply

C. approximately 14.2 days of supply

D. approximately 365 days of supply