The following data were collected for a retailer
Cost of goods sold .......... $3,500,000
Gross profit ............ $700,000
Operating Cost ............. $500,000
Operating Profit ........... $200,000
Total inventory .......... $1,200,000
Fixed assets ........... $750,000
Long-term debt .......... $300,000
Assuming 52 business weeks per year, express total inventory as
a. Weeks of supply
b. Inventory turns