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.
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
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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 |
-
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.
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