The grocery industry has an annual inventory turnover of about 13 times. organic grocers, inc., had a cost of goods sold last year of $10 comma 540 comma 000; its average inventory was $989 comma 030. what was organic grocers' inventory turnover, and how does that performance compare with that of the industry?

a) what was organic grocers' inventory turnover? nothing times per year (round your response to two decimal places).

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)