Consider a firm with an annual net income of $25 million, revenue of $68 million and cost of goods sold of $30 million. If the balance sheet amountsshow $3.5 million of inventory and $650,000 of property, plant & equipment, how many weeks of supply does the firm hold?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P: Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35...
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Consider a firm with an annual net income of $25 million, revenue of $68 million and cost of goods sold of $30 million. If the balance sheet amounts
show $3.5 million of inventory and $650,000 of property, plant & equipment, how many weeks of supply does the firm hold?
 
 
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