Graded Homework

Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. Last year the cost of goods sold at GR was $2,500,000. The average inventory in dollars was $260,000.

Calculate the inventory turnover for GR.
Inventory Turnover =

(Round your answer to 2 decimal places, the tolerance is +/-0.01. Do not round your intermediate computations.)

Calculate the weeks of supply. Assume 52 weeks per year.
Weeks of Supply =

weeks

(Round your answer to 2 decimal places, the tolerance is +/-0.02. Do not round your intermediate computations.)

Calculate the days of supply. Assume that GR operates 4 days per week.
Days of Suply =

days

(Round your answer to 2 decimal places, the tolerance is +/-0.02. Do not round your intermediate computations.)