16-15 (Algo) 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: aped Net revenue $363,000 Cost of goods sold 314,000 Book Value of production materials on hand Value of work-in-process inventory 42,500 61,000 Value of finished goods on hand 24,500 ences a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Inventory turnover ratio per year b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.) Weeks of supply