DS 412 Joe, the owner of Genuine Reproductions (GR),
by ella | Aug 18, 2025 | Business
| Problem 3
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.
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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.)
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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.)
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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.)
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