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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

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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 report: Net revenue $365 , 090 Cost of goods sold 316, 000 Value of production materials on hand 42,500 Value of work-in-process inventory 41, 000 Value of finished goods on hand 14,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Inventory turnover ratio per year b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.) Weeks of supply

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