Question: Problem 2 :The following data were collected for a retailer:Cost of goods sold $ 3 , 5 0 0 , 0 0 0 Gross profit

Problem 2:The following data were collected for a retailer:Cost of goods sold $3,500,000Gross profit $700,000Operating costs $500,000Operating profit $200,000Total inventory $1,200,000Fixed assets $750,000Assuming 52 business weeks per year, measure the supply chain performance using thefollowing ratios: Amount of money invested in inventory Weeks of Supply Inventory turnoverInterpret the results

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