# Question

Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. Last year the cost of goods sold at GR was $3,000,000. The average inventory in dollars was $250,000.

(a) Calculate the inventory turnover for GR.

(b) Calculate the weeks of supply. Assume 52 weeks per year.

(c) Calculate the days of supply. Assume that GR operates 5 days per week.

(a) Calculate the inventory turnover for GR.

(b) Calculate the weeks of supply. Assume 52 weeks per year.

(c) Calculate the days of supply. Assume that GR operates 5 days per week.

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