Question: The following table shows financial data ( year 2 0 0 6 ) for Dirt Cheap Wholesale and Kwiki - Mart, two US retailers. DIRT
The following table shows financial data year for Dirt Cheap Wholesale and KwikiMart, two US retailers.
DIRT CHEAP WHOLESALE KWIKIMART STORES
Inventories $MM
Sales net $MM
COGS $MM
Assume that both companies have an average annual holding cost rate of ie it costs both retailers $ to hold an item that they procured for $ for one entire year What is the average inventory turns in Dirt Cheap and in KwikiMart? Assume that stores operate days a year.
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