The following table shows the financial data (year 2006) of Dirt Cheap Wholesale and Kwiki-Mart, two American retailers. Both companies have an average annual maintenance cost of 20%.

	wholesale cheap dirt	Tiendas Kwiki-Mart
Inventories ($ million)	4754	40894
Sales (millions of net dollars)	59217	397206
COGS ($ million)	52762	326606

How many days (numbers round to two digits after the decimal), on average, does a product sit in Dirt Cheap's inventory before it is sold? Assume that the stores operate 365 days a year. How much does it cost Kwiki-Mart (numbers round to two digits after decimal) to maintain an item valued at $50?

Answer rating: 100% (QA)

To calculate the number of days a product sits in Dirt Cheap Wholesales inventory before it is sold ... View the full answer