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 $4 comma 118 comma 3004,118,300, for work-in-process is $6 comma 819 comma 0006,819,000, and for finished goods is $2 comma 821 comma 0002,821,000. This year's cost of goods sold will be about $38 comma 012 comma 00038,012,000. Assume that there are 52 business weeks per year.
Part 2
Express total inventory as inventory turns.
The inventory turnover is enter your response here turns per year.

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