Problem 13-15 (Algo) The owner of a large machine shop has just finished its financial analysis from the prior fiscal ye

[answerhappygod]

Problem 13 15 Algo The Owner Of A Large Machine Shop Has Just Finished Its Financial Analysis From The Prior Fiscal Ye 1 (210.57 KiB) Viewed 24 times

Problem 13-15 (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 Cost of goods sold Value of production materials on-hand Value of work-in-process inventory Value of finished goods on-hand $363,000 314,000 42,500 61,000 24,500 a. Compute the inventory turnover ratio (ITR) (Round your answer to 1 decimal place.) Answer is complete and correct. Inventory turnover ratio 2.5 per year b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.) Answer is complete but not entirely correct. Weeks of supply 24.1 X