4.Alys Pottery Outlet has total end-of-year assets of $5 million. The first-of-the-year inventory was $600,000, with a year-end inventory of $400,000. The annual cost of goods sold was $4 million. The owner, Aly wants to evaluate his supply chain performance by measuring his percent of assets in inventory, his inventory turnover, and his weeks of supply.

1. Average inventory is <<<= answer A, B, C, or D

A) $600,000

B) $400,000

C) $500,000

D) $4,000,000

2. Percent invested in inventory = <<<= answer A, B, C, or D

A) 8%

B) 9%

C) 10%

D) 18%

3. Inventory turnover is <<<= answer A, B, C, or D

A) 10

B) 8

C) 18

D) 11

4. Weeks of inventory (weeks of supply) is <<<= answer A, B, C, or D

A) 14

B) 4.2

C) 4.7

D) 6.5