Question: Given the following data: Revenues = $36MM; COGS = 50% of revenues; Cost of carrying inventory = $1.2MM; carrying cost percentage = 20%. What is

Given the following data: Revenues = $36MM; COGS = 50% of revenues; Cost of carrying inventory = $1.2MM; carrying cost percentage = 20%. What is the value of the inventory turns for this company? (Show your work / calculations as part of the answer.)

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