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

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter4: Linear Programming Models
Section4.8: Data Envelopment Analysis (dea)
Problem 42P
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Problem 16-15 (Algo)

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

$

378,000

Cost of goods sold

 

323,000

Value of production materials on hand

 

42,500

Value of work-in-process inventory

 

55,000

Value of finished goods on hand

 

21,500

 

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

 

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

 

 

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