Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet using method 1 of exhibit 8. five-hundred thousand shares of common stock are authorized, and 40,000 shares have been reacquired. common stock, $120 par $48,000,000 paid-in capital from sale of treasury stock 4,500,000 paid-in capital in excess of par—common stock 6,400,000 retained earnings 63,680,000 treasury stock 5,200,000

Mattress wholesalers, inc. is constantly trying to reduce inventory in its supply chain. last year, cogs was $7.47 million and inventory was $1.47 million. this year, cogs is $8.65 million and inventory investment is $1.64 million. a) what was its weeks of supply last ) what is its weeks of supply this ) is mattress wholesalers making progress in its inventory reduction effort? since the number of weeks that cover the supply has mattress wholesalers is making in its inventory reduction effort.