The owner of a large machine ship has just finished its financial analysis from the prior fiscal year. The following is an excerps from the final report. Net revenue Cost of goods sold Value of production materials on hand $41,500 Value of work-in-process inventory $31,000 Value of finished goods on hand a. Compute the inventory turnover ratio (ITR). b. Compute the weeks of supply (WS). $22,500 $500,000 $328,250
The owner of a large machine ship has just finished its financial analysis from the prior fiscal year. The following is an excerps from the final report. Net revenue Cost of goods sold Value of production materials on hand $41,500 Value of work-in-process inventory $31,000 Value of finished goods on hand a. Compute the inventory turnover ratio (ITR). b. Compute the weeks of supply (WS). $22,500 $500,000 $328,250
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The owner of a large machine ship has just finished
its financial analysis from the prior fiscal year. The
following is an excerps from the final report.
Net revenue
Cost of goods sold
Value of production materials on hand $41,500
Value of work-in-process inventory
$31,000
Value of finished goods on hand
a. Compute the inventory turnover ratio (ITR).
b. Compute the weeks of supply (WS).
$22,500
$500,000
$328,250](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F40bbedda-3e8b-4e43-85fe-6331be9d6a37%2Fb090d0c1-31c7-4e15-a1b0-aab5f1c31749%2Fl3eebim_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The owner of a large machine ship has just finished
its financial analysis from the prior fiscal year. The
following is an excerps from the final report.
Net revenue
Cost of goods sold
Value of production materials on hand $41,500
Value of work-in-process inventory
$31,000
Value of finished goods on hand
a. Compute the inventory turnover ratio (ITR).
b. Compute the weeks of supply (WS).
$22,500
$500,000
$328,250
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