step by step The Ozzie Chocolate Company is a small candy manufacturer that spec

Question

step by step The Ozzie Chocolate Company is a small candy manufacturer that specializes in dark chocolate candies. The firm has grown rapidly in recent years and is becoming concerned that its supply chain is less efficient than it should be. In particular, it's concerned about its level of inventory. Below is data from its annual report. Analyze the data and answer the following question. Calculate the inventory turnover metric for this data. Your answer should have three decimal places in it. Answer. 1.509

Explanation / Answer

Inventory turnover = COGS/ ( Raw materials inventory + work in progress inventory + finished inventory)

= 31047/(8282 + 9314 +2979) = 1.5089

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.