Question: I need the answer to be done on excel please Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested
I need the answer to be done on excel please
Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. In 2019 the cost of goods sold at GR was $3,000,000. The average inventory in dollars was $240,000. Genuine Reproductions (GR) plans on increasing 2020's sales by 12 percent while maintaining its same average inventory in dollars of $240,000. Calculate the expected weeks of supply. (Assume 1 year=52 weeks, and COGS also increases by 12% in 2020. Calculate to the 1st decimal place.) weeks of supply
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
