Business, 15.02.2021 22:00 hi105

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 $ 363,000 Cost of goods sold 314,000 Value of production materials on hand 42,500 Value of work-in-process inventory 61,000 Value of finished goods on hand 24,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) b. Compute the weeks of supply (WS).

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The owner of a large machine shop has just finished its financial analysis from the prior fiscal yea...