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

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.

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