1. A mining company reported anual sales revenue of $60 billion, annual cost of goods sold of $52 billion and inventory of $17 billion. What is the firm's annual inventory turns?
___ turns
2. Suppose a retailer turns its inventory of soda 49 times per year. On average it has 393 bottles of soda on its shelves. What is the retailer's average daily sales rate? (assume 365 dats per year.)
___ bottles