Number of units sold: 160,000 units
average inventory: 5,000 units
revenues: $700,000
cost of good sold: $350,000
cost of capital: 15%/year
warehousing cost: 0.5/unit/month
Assume one year equals 12 months equals 365 days.
What is the Turnover?
How many days of supply?
Total holding cost of inventory?
Inventory holding cost per unit sold?
Could you explain with formula used?
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