Express total inventory as weeks of supply


Problem:

The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing process, considerable work-in-process and raw materials are needed. The current inventory levels are $2,470,000 and $1,566,000, respectively. In addition, finished goods inventory is $1,200,000 and sales (at cost) for the current year are expected to be about 48 million.

Express total inventory as:

a) Weeks of supply

b) Inventory turns

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Finance Basics: Express total inventory as weeks of supply
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