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

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 statoment thowt that the invertory investrvent for raw materak is $3,202,400, for work-in-process is $6,537,000, and for finished goods is $2,930,000. This year's cost of goods sold will be about $34,840,000. Assume that brere arn 52 business weeks per year a. Express total inventery as weeke of supply. The weeks of supply is ta.9 weeks. (Enter your response rounded to one decimal place.) b. Express total inventory as inventory turns. The inventory tumover is turns per year. (Enter your response rounded to one decimal place)

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