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	$	355,000
Cost of goods sold		310,000
Value of production materials on hand		42,500
Value of work-in-process inventory		45,000
Value of finished goods on hand		16,500

a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.)

b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)