a. Calculate the average aggregate inventory value. b. Calculate the inventory turnover. c. The grocery store operates 52 weeks per year. Calculate the weeks of supply.
a. Calculate the average aggregate inventory value.
b. Calculate the inventory turnover.
c. The grocery store operates 52 weeks per year. Calculate the weeks of supply.
d. The weekly average inventory listed above cannot change much since the grocery store is limited in storage capacity, and can therefore assumed to remain constant over time. The store has calculated that having less than 3 weeks of supply will create problems keeping stock available for clients. What annual cost of goods sold will bring about this condition (3 weeks of supply)?
e. The grocery store is increasingly popular and management has calculated that, on average, the cost of goods sold increase by $5 million per year, reflecting better sales. How many years will it take for the grocery store to require expansion?
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