Urbanite Hip is a clothing store catering to college students and young professionals. It carries fashion merchandise...

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Operations Management

Urbanite Hip is a clothing store catering to collegestudents
and young professionals. It carries fashion merchandise and
wants to ensure that it is using inventory effectively. Costof
goods sold is $5,000,000, and average inventory in dollars is
$250,000.
a. What is their inventory turnover?
b. What is the weeks of supply, assuming 52 weeks per year?
c. Urbanite Hip is expecting to increase sales by 10% nextyear
while maintaining the same level of average inventory. How
will their inventory turnover and weeks of supply change?

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Question Urbanite Hip is a clothing store catering to college students and young professionals It carries fashion merchandise and wants to ensure that it is using inventory effectively Cost of goods sold is 5000000 and average inventory in dollars is 250000 See Answer

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