The grocery industry has an annual inventory turnover of, Operation Management

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The grocery industry has an annual inventory turnover of

The grocery industry has an annual inventory turnover of about 14 times. Organic Grocers, Inc. had a cost of goods sold last year of $10.5 million; its average inventory was $1.0 million. What was Organic Grocers’s inventory turnover, and how does that performance compare with that of the industry?

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