Question: Jack Jones, the materials manager at Precision Enterprises, is beginning to look for ways to reduce inventories. A recent accounting statement shows that the imventory

Jack Jones, the materials manager at Precision Enterprises, is beginning to look for ways to reduce inventories. A recent accounting statement shows that the imventory investment for raw materials is $2,844,500, for work-in-process is $3,725,000, and for finished goods is $1,895,000. This year's cost of goods sold will be about $26,852,000. Assume that there are 52 business weeks per year. What would be the inventory tumover? response rounded to two decimal places.) turns (Enter your

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