Alpine Distributors Inc. has an annual net income of $4.2 billion, total revenue of $48.6 billion, and a cost of goods sold of $22 billion. If the balance sheet reports $2.5 billion of inventory, how many weeks of supply does Alpine Distributors Inc. hold?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 14P
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Alpine Distributors Inc. has an annual net income of $4.2 billion, total revenue
of $48.6 billion, and a cost of goods sold of $22 billion. If the balance sheet
reports $2.5 billion of inventory, how many weeks of supply does Alpine
Distributors Inc. hold?
Transcribed Image Text:Alpine Distributors Inc. has an annual net income of $4.2 billion, total revenue of $48.6 billion, and a cost of goods sold of $22 billion. If the balance sheet reports $2.5 billion of inventory, how many weeks of supply does Alpine Distributors Inc. hold?
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