Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

EBI Solar uses a high-tech process to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are used to power low-energy hand-held

image text in transcribed
EBI Solar uses a high-tech process to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are used to power low-energy hand-held electronic devices. Last year, EBI Solar turned their inventory 4.5 times and had a cost of goods sold of $2.5 million. Assume 52 business weeks per year. a. Express last year's average inventory in weeks of supply. Weeks of supply = weeks. (Enter your response rounded to two decimal places.) b. After several supply chain improvement initiatives, inventory investment has dropped across all inventory categories. While EBI's cost of goods sold is not expected to change from last year's level, the value of raw materials has dropped to $100,500; work-in-process to $25,800; and finished goods to $16,200. Assuming 52 business weeks per year, express EBI's current total inventory level in weeks of supply and inventory turns. Weeks of supply = weeks. (Enter your response rounded to two decimal places.) Inventory turnover = turns/year. (Enter your response rounded to two decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

THE Classroom Management Book

Authors: Harry K. Wong, Rosemary T. Wong, Sarah F. Jondahl, Oretha F. Ferguson

1st Edition

9780976423331

More Books

Students also viewed these General Management questions