Question: . The following table shows financial data (year 2006) for Dirt Cheap Wholesale and Kwikit-Mart, two US retailers. Inventories (SMM) Sales (net $MM) COGS (SMM)
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The following table shows financial data (year 2006) for Dirt Cheap Wholesale and Kwikit-Mart, two US retailers. Inventories (SMM) Sales (net $MM) COGS (SMM) DIRT CHEAP WHOLESALE 4754 59217 52762 KWIKI-MART STORES 40894 397206 326606 What is the average inventory turns in Dirt Cheap and in Kwiki-Mart? Assume that stores operate 365 days a year
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