Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in revenues for 2007 and $110,050,000 in Costs of Goods Sold (COGS). In the same year, Tech Co. held an average of $20,000,000 in inventory.

TC1. How many times did Tech Co. turn its inventory in 2007?

TC2. Inventory cost at Tech Co. is 35 percent per year. What is the per unit inventory cost for an MP3 player sold at $50? Assume that the margin corresponds to the retailer

Answer rating: 100% (QA)

TC1 Inventory Turnover Ratio The inventory turnover ratio is calculated by divid... View the full answer