Maple Leaf,Inc

Maple Leaf,Inc. ,a television manufacturer,would like to reduce its inventory.To this end,you are asked by the operations manager to assess its inventory level.You have the following information on average inventories from last year's financial statement: Raw materials $2,500,000
Work-in-process $1,000,000
Finished goods $ 800,000
In addition,the cost of goods sold last year (50 weeks) was $15 million.What was the inventory turnover?

A) less than or equal to two
B) greater than two but less than three
C) greater than three but less than four
D) greater than four

Correct Answer:

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