Question $2(25$ marks$)$

Read the scenario below and answer the question that follows.

According to Krajewski, Malhotra and Ritzman $(2019),$ all methods of inventory begin with a physical count of units, volume or weight. Measures of inventories are reported in three basic ways: average aggregate inventory value, weeks of supply, and inventory turnover.

The annual cost of goods sold for a clothing manufacturer is fifteen $(15)$ million rand and the company works $52$ weeks per year. Calculate all three these measurements for a possible investor. The data in the table below is relevant.

Conclude with advice as to whether this company will be able to provide a constant flow of materials if the industry benchmark turnover of assets is $6.$

$\backslash$table$[[,$Product,Average level,Unit value$],[$Raw materials,Men's shirts,$2000,$R $50\mathrm{.}00],[,$Men's pants,$2000,$R $75\mathrm{.}00],[,$Ladies' shirts,$3400,$R $45\mathrm{.}00],[,$Ladies' shirts,$3400,$R $55\mathrm{.}00],[,$Ladies' dresses,$4500,$R $80\mathrm{.}00],[$Work in progress,Men's shirts,$450,$R$200\mathrm{.}00],[,$Men's pants,$420,$R$300\mathrm{.}00],[,$Ladies' shirts,$580,$R$180\mathrm{.}00],[,$Ladies' shirts,$530,$R$220\mathrm{.}00],[,$Ladies' dresses,$600,$R$320\mathrm{.}00],[$Finished goods,Men's shirts,$250,$R$600\mathrm{.}00],[,$Men's pants,$240,$R$900\mathrm{.}00],[,$Ladies' shirts,$350,$R$540\mathrm{.}00],[,$Ladies' shirts,$330,$R$660\mathrm{.}00],[,$Ladies' dresses,,R$960\mathrm{.}00]]$