The grocery industry has an annual inventory turnover of about16times. Organic? Grocers, Inc., had a cost of goods sold last year of? $11,330, 000?; its average inventory was ?$1,015,380. What was Organic? Grocers' inventory? turnover, and how does that performance compare with that of the? industry?
?a) What was Organic? Grocers' inventory? turnover? ( ) times per year ?(round your response to two decimal? places).
?b) How does Organic? Grocers' performance compare with that of the? industry? It is
better than
the same as
worse than
the industry.