Mattress Wholesalers, Inc., is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.53 million and inventory was $1.47 million. This year, cost of goods sold is $8.57 million and inventory investment is $1.57 million.
A) What were the weeks of supply last year?
B) What were the weeks of supply this year?
C) Is Mattress Wholesalers making progress in its inventory reduction effort?
Please show work for each section