Consider a firm with a 2010 revenue of S60 million and cost of goods sold of $25 million lf the balance shert amount show $4million of inventory and $1.5 million ofproperty, plant & equipment how many weeks of suppiy does the fim bolat(2 weeksinoneyear)(use 2 decimals) Select one O a.8.33 O b.6.25 Oc 13.75 O d. 400 Oe 12.50
Consider a firm with a 2010 revenue of S60 million and cost of goods sold of $25 million lf the balance shert amount show $4million of inventory and $1.5 million ofproperty, plant & equipment how many weeks of suppiy does the fim bolat(2 weeksinoneyear)(use 2 decimals) Select one O a.8.33 O b.6.25 Oc 13.75 O d. 400 Oe 12.50
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Consider a firm with a 2010 revenue of S60 million and cost of goods sold of $25 million lf the balance shert amount show $4million of inventory and $1.5 million ofproperty, plant & equipment how many weeks of suppiy does the fim bolat(2 weeksinoneyear)(use 2 decimals)
Select one
O a.8.33
O b.6.25
Oc 13.75
O d. 400
Oe 12.50
Expert Solution
Step 1
Weeks of supply = ( Average inventory / Cost of goods sold ) * 52 weeks
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