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

Transcribed Image Text: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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