The Dump is a high-end designer prototypes, closeouts, and overstocks, Philadelphia, PA area. Due to recent market pressures, the company is trying to reduce inventory in its supply chain. In 2022, cost of goods sold was $7.7 million and inventory was $1.45 million. This year, 2023, cost of goods sold is $8.2 million and inventory investment of $1.6 million. The value of total assets in 2022 were $60 million and currently it is $80 million. Use the information given to answer following question. 2022 2023 Cost of goods sold 7.7 Cost of goods sold 8.2 Inventory investment 1.45 Inventory investment 1.6 Total assets 60 Total assets 80 a. Compute the weeks of supply in 2022 and in 2023. b. Compute the percentage of assets committed to inventory investment for 2022 and 2023. c. Compute the inventory turnovers for 2022 and 2023. d. Using the information in parts a, b, and c, is the Dump making progress in its inventory-reduction efforts? Discuss. (Hint: For a similar problem see notes for chapter 11, Supply Chain Management