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 inventory
Jack Jones, the materials manager at Precision Enterprises, is beginning to look for ways to reduce inventories. A recent accounting statement shows that the inventory investment for raw materials is $ comma comma for workinprocess is $ comma comma and for finished goods is $ comma comma This year's cost of goods sold will be about $ comma comma Assume that there are business weeks per year.
Part
Express total inventory as inventory turns.
The inventory turnover is enter your response here turns per year.
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