Question: The owner of a large machine shop has just finished

The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report:
Net revenue .......... $ 375,000
Cost of goods sold........ 322,000
Value of production materials on hand . 42,500
Value of work- in- process inventory .. 37,000
Value of finished goods on hand .... 12,500
a. Compute the inventory turnover ratio (ITR).
b. Compute the weeks of supply (WS).




Sale on SolutionInn
Sales6
Views1205
Comments
  • CreatedApril 09, 2014
  • Files Included
Post your question
5000