Question: Please answer #4, it is refering to question 3. 3. Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested

Please answer #4, it is refering to question 3.

3. Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in mea- suring inventory effectiveness. Last year the cost of goods sold at GR was $3,000,000. The average inventory in dollars was $250,000. (a) Calculate the inventory turnover for GR. (b) Calculate the weeks of supply. Assume 52 weeks per year. (c) Calculate the days of supply. Assume that GR operates 5 days per week. 4. Genuine Reproductions (GR) plans on increasing next year's sales by 20 percent while maintaining its same average in- ventory in dollars of $250,000. (a) Calculate the expected inventory turnover for next year. (b) Calculate the expected weeks of supply

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