Question: Problem 1 3 - 1 7 ( Algo ) U . S . Airfilter has hired you as a supply chain consultant. The company makes
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US Airfilter has hired you as a supply chain consultant. The company makes air filters for residential heating and airconditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the US Airfilter supply chain:
tabletableQUARTER JANUARYTHROUGHMARCHAlltableQUARTER APRILTHROUGH JUNEmounts in milltableQUARTER JULY THROUGHSEPTEMBERions of US dtableQUARTER OCTOBERTHROUGHDECEMBERllarsAll amounts in millions of US dollarsUnited states,CanadaEuropeCost of goods sold total quartertableRaw materials at the Louisville plant endofquartertableWorkinprocess and finished goods at theLouisville plant endof quartertableDistribution center inventory endofquarter:tableUnited statesCanadatabletabletabletableEuropetable
What is the average inventory turnover for the firm?
Note: Round your answer to decimal places.
Average inventory turnover
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