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 $375,000 Cost of goods sold 322,000 Value of production materials on-hand 42,500 Value of work-in-process inventory 37,000 Value of finished goods on-hand 12,500 Compute the inventory turnover ratio (ITR). Note: Round your answer to 1 decimal place.   Compute the weeks of supply (WS). Note: Do not round intermediate calculations. Round your answer to 1 decimal place.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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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 $375,000
Cost of goods sold 322,000
Value of production materials on-hand 42,500
Value of work-in-process inventory 37,000
Value of finished goods on-hand 12,500
  1. Compute the inventory turnover ratio (ITR).

    Note: Round your answer to 1 decimal place.

     
  2. Compute the weeks of supply (WS).

    Note: Do not round intermediate calculations. Round your answer to 1 decimal place.

     
 
 
 
 
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