Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.52 million and inventory was $1.55 million. This year, costs of goods sold is $8.62 million and inventory investment is $1.64 million. Part 2 a) What was its weeks of supply last year? enter your response here weeks (round your response to two decimal places). Part 3 b) What is its weeks of supply this year? enter your response here weeks (round your response to two decimal places). Part 4 c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has ▼ increased decreased not changed , Mattress Wholesalers is making ▼ progress no progress negative progress in its inventory-reduction effort.
Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.52 million and inventory was $1.55 million. This year, costs of goods sold is $8.62 million and inventory investment is $1.64 million. Part 2 a) What was its weeks of supply last year? enter your response here weeks (round your response to two decimal places). Part 3 b) What is its weeks of supply this year? enter your response here weeks (round your response to two decimal places). Part 4 c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has ▼ increased decreased not changed , Mattress Wholesalers is making ▼ progress no progress negative progress in its inventory-reduction effort.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was
$7.52
million and inventory was
$1.55
million. This year, costs of goods sold is
$8.62
million and inventory investment is
$1.64
million.Part 2
a) What was its weeks of supply last year?
enter your response here
weeks (round your response to two decimal places).Part 3
b) What is its weeks of supply this year?
enter your response here
weeks (round your response to two decimal places).Part 4
c) Is Mattress Wholesalers making progress in its inventory reduction effort?
Since the number of weeks that cover the supply has
,
Mattress Wholesalers is making
in its inventory-reduction effort.
▼
increased
decreased
not changed
▼
progress
no progress
negative progress
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