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).


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  • CreatedApril 09, 2014
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