Answered: . Compute the inventory turnover ratio.… | bartleby

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter1: An Overview Of Strategic Marketing

Section1.2: Dollar Shave Club: The Company For Men

Problem 2C

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A. Compute the inventory turnover ratio. B. Compute the weeks of supply.

The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the
final report
Net revenue
$376,000
Cost of goods sold
321,000
Value of production materials on hand
Value of work-in-process inventory
42,500
75,000
Value of finished goods on hand
31,500

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