The answeres are NOT:

A. 2,224,000

B. 60.780

Using the following data from Mini-Mart Stores, answer the questions below. Mini Mart Stores Data Sales $35,000,000 Cost of goods sold $ 31,000,000 Average inventory $ 510,000 Inventory carrying cost 22% Number of days in a year 365 Hurtle rate 15% Number of employees 2,123 Lead time for mugs 10 days Annual rate of demand for mugs 2,000 Cost of placing an order $ 18 Value of a mug $ 20 Number of SKUS 45,000 a. The cost of carrying inventory for Mini-Mart is: Cost of carrying inventory b. How many times does Mini-Mart turn its inventory? Inventory turnover times