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
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 $3,796,800, for work in process is 56,866,000, and for finished goods is $2,700,000. This year's cost of goods sold will be about $30,680,000. Assume that there are 52 business weeks per year. a. Express total inventory as weeks of supply The weeks of supply in woeks (Enter your response rounded to one decimal place.)

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