Topic 5 Assignment ( SavEd 10 Problem 16-17 (Algo) 3 The U.S. Airfilter company has hired you as a supply chain consultant. The company makes air filters for residential heating and air- points conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following date relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 1 QUARTER QUARTER 4 ( JANUARY QUARTER 2 OCTOBER THROUGH (APRIL THROUGH THROUGH THROUGH MARCH) JUNE ) SEPTEMBER DECEMBER) All amounts in millions of U.S. dollars Sales (total quarter): United states 412 518 canada 142 98 142 167 Europe 35 48 15 Prime Cost of goods sold (total quarter) 355 447 416 Raw materials at the Louisville plant (end- of -quarter) 55 55 73 67 References Work - in-process and finished goods at the Louisville plant (end-of - quarter) 116 198 144 186 Distribution center inventory (end- of-quarter): United states Canada 74 Europe a. What is the average inventory turnover for the firm? (Round your answer to 3 decimal places.) Average inventory turnover b. If you were given the assignment to increase inventory turnover, what would you focus on? O Increase the amount of inventory or increase sales or both O Reduce the amount of inventory or increase sales or both Reduce the amount of inventory or reduce sales or both c. The company reported that it used $500M worth of raw material during the year. On average, how many weeks of supply of raw material are on hand at the factory? (Round your answer to 2 decimal places.) Weeks of raw material supply