Question: The following is financial data ( year 2 0 1 9 ) for your firm: COGS ( $MM ) : 7 5 , 2 1

The following is financial data (year 2019) for your firm: COGS ($MM): 75,212, Inventory ($MM): 5777. Assume that the company has an average annual holding cost rate of 20%(i.e. it costs the retailer $2 to hold an item that they procured for $10 for one entire year). Assume that stores operate 365 days a year.
How many days, on average, does a dollar stay tied up in your inventory before it is sold?

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