expected inventory/expected weeks of supply

Project Description:

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 $4,500,000. the average inventory in dollars was $500,000. gr plans on increasing next year’s sales by 10 percent while maintaining its same average inventory in dollars of $500,000.
a. calculate the expected inventory turnover for next year.
b. calculate the expected weeks of supply.
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Price Type: Negotiable

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