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The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final
The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report:
Net revenue $
Cost of goods sold
Value of production materials on hand
Value of workinprocess inventory
Value of finished goods on hand
a Compute the inventory turnover ratio ITRRound your answer to decimal place.
b Compute the weeks of supply WSDo not round intermediate calculations. Round your answer to decimal place.
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