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Homework Overview EE cost of goods sold of $2.3 million. Assume 52 business weeks per year. ocess to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are used to power low-energy hand-held electronic devices. Last year, EBI Solar turned their inventory 3.7 times and had a a. Express last year's average inventory in weeks of supply. Weeks of supply = weeks (Enter your response rounded two decimal places.)

Homework Overview EE cost of goods sold of $2.3 million. Assume 52 business weeks per year. ocess to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are used to power low-energy hand-held electronic devices. Last year, EBI Solar turned their inventory 3.7 times and had a a. Express last year's average inventory in weeks of supply. Weeks of supply = weeks (Enter your response rounded two decimal places.)

Practical Management Science
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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## Homework: Chapter 12 Homework ### Homework Overview EBI Solar employs a unique process to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are used to power low-energy handheld electronic devices. Last year, EBI Solar turned their inventory 3.7 times and had a cost of goods sold of $2.3 million. Assume 52 business weeks per year. **a. Express last year's average inventory in weeks of supply.** Weeks of supply = [ ] weeks (Enter your response rounded to two decimal places.)
Transcribed Image Text:## Homework: Chapter 12 Homework ### Homework Overview EBI Solar employs a unique process to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are used to power low-energy handheld electronic devices. Last year, EBI Solar turned their inventory 3.7 times and had a cost of goods sold of $2.3 million. Assume 52 business weeks per year. **a. Express last year's average inventory in weeks of supply.** Weeks of supply = [ ] weeks (Enter your response rounded to two decimal places.)
Expert Solution
Step 1
Given data;    
Particulars Last year  
Inventory Turnover 3.7 times
Cost of goods sold 2300000 $
No. of weeks 52 weeks
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