5. Jack Jones, the materials manager at Precision Enterprises, is beginning to look for ways to reduce inventories. A recent accounting statement shows that the inventory investment for raw materials is $3,158,400, for work-in-process is $7,143,000, and for finished goods is $2,708,000. This year's cost of goods sold will be about $23,452,000. Assume that there are 52 business weeks per year.

a. Express total inventory as weeks of supply. (Enter your response rounded to one decimal place.) _____________________ weeks.

b. Express total inventory as inventory turns. (Enter your response rounded to one decimal place.) ______________________ turns per year.

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