Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.55 million and inventory was $1.52 million. This year, costs of goods sold is $8.64 million and inventory investment is $1.57 million. a) What was its weeks of supply last year? ☐ weeks (round your response to two decimal places).
Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.55 million and inventory was $1.52 million. This year, costs of goods sold is $8.64 million and inventory investment is $1.57 million. a) What was its weeks of supply last year? ☐ weeks (round your response to two decimal places).
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 14P
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![Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.55 million and inventory was $1.52 million. This year, costs of goods sold is
$8.64 million and inventory investment is $1.57 million.
a) What was its weeks of supply last year?
weeks (round your response to two decimal places).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F37e2f913-30b2-4c8c-98d5-339163057ff1%2Fdccec8e1-2d9d-400e-9c5b-324d1a1431b8%2Foid4f2c_processed.png&w=3840&q=75)
Transcribed Image Text:Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.55 million and inventory was $1.52 million. This year, costs of goods sold is
$8.64 million and inventory investment is $1.57 million.
a) What was its weeks of supply last year?
weeks (round your response to two decimal places).
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