A. Compute the inventory turnover ratio.B. Compute the weeks of supply. The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from thefinal reportNet revenue$376,000Cost of goods sold321,000Value of production materials on handValue of work-in-process inventory42,50075,000Value of finished goods on hand31,500

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Answered: . Compute the inventory turnover ratio.…

Business

Operations Management

. Compute the inventory turnover ratio. B. Compute the weeks of supply.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

A. Compute the inventory turnover ratio. B. Compute the weeks of supply.

The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the
final report
Net revenue
$376,000
Cost of goods sold
321,000
Value of production materials on hand
Value of work-in-process inventory
42,500
75,000
Value of finished goods on hand
31,500

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