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

$3,681,300,

for work-in-process is

$7,033,000,

and for finished goods is

$2,697,000.

This year's cost of goods sold will be about

$27,196,000.

Assume that there are 52 business weeks per year.

Part 2

a. Express total inventory as weeks of supply.

The weeks of supply is

enter your response here

weeks.

(Enter

your response rounded to one decimal

place.)

Part 3

b. Express total inventory as inventory turns.

The inventory turnover is

enter your response here

turns per year.