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 $4,055,300, for work-in-process is $6,549,000, and for finished goods is $2,919,000. This year's cost of goods sold will be about$26,104,000. Assume that there are 52 business weeks per year.
a. Express total inventory as weeks of supply.
The weeks of supply is ____ weeks. (Enter your response rounded to one decimal place.)
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