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The following data were collected for a retailer: Cost of goods sold $3,500,000 Gross profit $700,000 Operating costs $500,000 Operating profit $200,000 Total inventory $1,200,000

The following data were collected for a retailer:

Cost of goods sold

$3,500,000

Gross profit

$700,000

Operating costs

$500,000

Operating profit

$200,000

Total inventory

$1,200,000

Fixed assets

$750,000

Long-term debt

$300,000

Assuming 52 business weeks per year, express total inventory as:

Weeks of supply

Inventory turns

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