Question: In addition, finished goods inventory is $ 1 , 2 6 0 , 0 0 0 and sales ( at cost ) for the current
In addition, finished goods inventory is $ and sales at cost for the current year are expected to be about $ million. Assume that there are business weeks per year.
a Express total inventory as weeks of supply. Enter your response rounded to one decimal place.
The weeks of supply is
weeks.
b Express total inventory as inventory turns. Enter your response rounded to one decimal place.
The inventory turnover is turns per year.
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
