Under the ordering policy currently in use, what is the average number of orders per year and the average annual ordering cost?

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Inventory Analysis Problem Seppa Firm Income Statement FY 2020 Net Sales $ 700,000 Cost of goods sold $ 480,000 Gross profit $ 220,000 Operating expenses $ 73,000 Net income S 147,000 Seppa Firm Quarterly Balance Sheet FY 2020 1st Quarter Cash $ 31,000 $ Accounts receivable $ 10,700$ 2nd Quarter 37,000 $ 13,100 $ 3rd Quarter 38,000 $ 18,800 $ 4th Quarter 36,000 15,200 Inventory Finished goods Work in process Materials $ $ $ 9,000 $ 6,300 $ 6,500 $ 9,500 $ 7,000 $ 7,300 $ 8,400 $ 5,300 $ 6,200 $ 10,600 5,300 8,000 Plant assets $ 500,000 $ 510,000 $ 500,000 $ 510,000 The company operates 52 weeks every year