Question: Based on the data in the following table, determine: How many weeks of finished goods were on hand at the end of last year? How

Based on the data in the following table, determine:

  1. How many weeks of finished goods were on hand at the end of last year?
  2. How many weeks of finished goods were on hand at the end of this year?

Based on the data in the following table, determine: How many weeks

Sales Cost of goods sold Gross margin Other expenses Net income LAST YEAR $ 215,000 121,000 94,000 49,000 45,000 THIS YEAR $ 228,000 131,000 97,000 49,000 48,000 2,000 5,000 10,000 12,000 Finished goods inventory Work-in-process inventory Raw material inventory Total inventory (average for year) Other current assets Other assets Total assets 5,000 17,000 6,000 23,000 91,000 213,000 321,000 110,000 242,000 375,000

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