EBI Solar uses a? high-tech process to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are used to power? low-energy hand-held electronic devices. Last? year, EBI Solar turned their inventory 4.6 times and had a cost of goods sold of ?$2.2 million. Assume 52 business weeks per year.
a. Express last? year's average inventory in weeks of supply.
Weeks of supply equals=11.3 weeks ?(Enter your response rounded to two decimal? places.)
b. After several supply chain improvement? initiatives, inventory investment has dropped across all inventory categories. While? EBI's cost of goods sold is not expected to change from last? year's level, the value of raw materials has dropped to $101,000?; ?work-in-process to $25,500?; and finished goods to $16,000. Assuming 52 business weeks per? year, express? EBI's current total inventory level in weeks of supply and inventory turns.
Weeks of supply = weeks ?(Enter your response rounded to two decimal? places.)