Question: please answer 2 questions QUESTION 7 A Costco store has annual sales of $4 million cost of goods sold of $1.5 million, inventory of $1
please answer 2 questions
QUESTION 7 A Costco store has annual sales of $4 million cost of goods sold of $1.5 million, inventory of $1 million, and net income of $2 million What is the store's annual inventory turns? 1.5 2 O 2.5 4 QUESTION 8 A bookstore manages the inventory based on a continuous review system with the order quantity Q - 40, and the reorder point = 25. The lead time is 2 days without uncertainty. At the end of day, the inventory position -on-hand inventory - 40. The demand in the following five days is 7, 6, 9, 13, and 8, respectively. What is the inventory position at the end of day 5? 3 22 37 43
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