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THROUGH MARCH) THROUGH DECEMBER) (APRIL THROUGH JUNE) THROUGH SEPTEMBER) All amounts in millions of U.S. dollars Sales (total quarter): United states Canada Europe 438
THROUGH MARCH) THROUGH DECEMBER) (APRIL THROUGH JUNE) THROUGH SEPTEMBER) All amounts in millions of U.S. dollars Sales (total quarter): United states Canada Europe 438 388 552 154 142 90 438 95 49 34 23 21 Cost of goods sold (total quarter) 494 435 517 433 Raw materials at the Louisville plant (end-of-quarter) 84 53 81 83 Work-in-process and finished goods at Distribution center inventory the Louisville plant (end-of-quarter) (end-of-quarter): United states Canada Europe 156 118 145 315 56 38 16 13 7 6 46 55 19 21 9 7 a. What is the average Inventory turnover for the firm? (Round your answer to 3 decimal places.) Average inventory turnover b. If you were given the assignment to Increase Inventory turnover, what would you focus on? O Reduce the amount of Inventory or Increase sales or both O Increase the amount of Inventory or Increase sales or both O Reduce the amount of Inventory or reduce sales or both c. The company reported that it used $500M worth of raw material during the year. On average, how many weeks of supply of raw material are on hand at the factory? (Round your answer to 2 decimal places.) Weeks of raw material supply
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