Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was

$$7\mathrm{.}54$

million and inventory was

$$1\mathrm{.}47$

million. This year, costs of goods sold is

$$8\mathrm{.}58$

million and inventory investment is

$$1\mathrm{.}58$

million.

Part $2$

a$)$ What was its weeks of supply last year?

enter your response here

weeks $($round your response to two decimal places$).$

Part $3$

b$)$ What is its weeks of supply this year?

enter your response here

weeks $($round your response to two decimal places$).$

Part $4$

c$)$ Is Mattress Wholesalers making progress in its inventory reduction effort?

Since the number of weeks that cover the supply has

$$

increased

not changed

decreased

$,$

Mattress Wholesalers is making

$$

negative progress

no progress

progress

in its inventory$-$reduction effort.