Business, 26.06.2020 19:01 Branci5125
A manufacturing company producing medical devices reported $85 million in sales over the last year. At the end of the same year, the company had $19 million worth of inventory of ready-to-ship devices. Assuming that units in inventory are valued (based on cost of goods sold) at $1200 per unit and are sold for $2299 per unit.
1. The markup of the medical devices is%.
2. The Cost Of Goods Sold (COGS) amounts tomillion dollars.
3. The average flow time of the medical devices isyears.
4. The inventory turnover istimes per year.
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