The average inventory comprising raw materials, work- in- process, and finished goods, was found to be $18.4 million last year. If the cost of goods sold per week averaged $1.12 million. Assume the company had 50 working weeks per year.
a. What is their total inventory (measured as weeks of supply)?
b. What is their inventory turnover?

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The Answer of The average inventory comprising raw materials, work- in- process, and finished goods, was found to be $18.4 million last year. If the cost of goods sold per week averaged $1.12 million. Assume the company had 50 working weeks per year.
a. What is their total inventory (measured as weeks of supply)?
b. What is their inventory turnover?

The Average Inventory Comprising Raw Materials, Work- In- Process, and Finished