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Jack Jones, the materials manager at Precision Enterprises, is beginning to look for ways to reduce inventories. A recent accounting statement shows that the inventory

Jack Jones, the materials manager at Precision Enterprises, is beginning to look for ways to reduce inventories. A recent accounting statement shows that the inventory investment for raw materials is $3 comma 974 comma 600, for work-in-process is $7 comma 000 comma 000, and for finished goods is $2 comma 957 comma 000. This year's cost of goods sold will be about $37 comma 804 comma 000. Assume that there are 52 business weeks per year.
Part 2
a. Express total inventory as weeks of supply.
The weeks of supply is
enter your response here weeks. (Enter your response rounded to one decimal place.)

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