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:
- How many weeks of finished goods were on hand at the end of last year?
- How many weeks of finished goods were on hand at the end of this year?

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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