Jacks Pottery Outlet has total end-of-year assets of $5 million. The first-of-the-year inventory was $375,000, with a

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Jack’s Pottery Outlet has total end-of-year assets of $5 million.

The first-of-the-year inventory was $375,000, with a year-end inventory of $325,000. The annual cost of goods sold was

$7 million. The owner, Eric Jack, wants to evaluate his supply chain performance by measuring his percentage of assets in inventory, his inventory turnover, and his weeks of supply. We use Equations (11-1), (11-2), and (11-3) to provide these measures.

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