b. If you were given the assignment to increase inventory turnover, what would you focus on? Increase the amount of inventory or increase sales or both Reduce the amount of inventory or increase sales or both Reduce the amount of inventory or reduce sales or both c. The company reported that it used $500M worth of raw material during the year. On average, how many weeks of supply of raw material are on hand at the factory? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Weeks of raw material supply 38.98 X 1 Problem 16-17 (Algo) 3 points The U.S. Airfilter company has hired you as a supply chain consultant. The company makes air filters for residential heating and air- conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 1 QUARTER 3 QUARTER 4 (JANUARY QUARTER 2 (JULY (OCTOBER THROUGH (APRIL THROUGH THROUGH THROUGH MARCH) JUNE) SEPTEMBER) DECEMBER) All amounts in millions of U.S. dollars Sales (total quarter): United states Canada Europe 438 154 49 388 142 34 552 90 23 438 95 21 Cost of goods sold (total quarter) 494 435 517 433 Raw materials at the Louisville plant (end-of-quarter) 84 53 81 83 Work-in-process and finished goods at the Louisville plant (end-of-quarter) 156 118 145 315 Distribution center inventory (end-of-quarter): United states Canada Europe 56 16 7 7 38 13 6 46 19 9 55 21 7 a. What is the average inventory turnover for the firm? (Round your answer to 3 decimal places.) Answer is complete but not entirely correct. Average inventory turnover 1.500 X