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27 September, 18:30

Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.547.54 million and inventory was $1.481.48 million. This year, costs of goods sold is $8.618.61 million and inventory investment is $1.581.58 million. a) What was its weeks of supply last year? nothing weeks (round your response to two decimal places).

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  1. 27 September, 18:52
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    The weeks of supply last year is $10.20

    Explanation:

    (A) For computing the weeks of supply last year, first, we have to compute the weekly supply of cost of good sold which is shown below:

    Weekly supply of cost of good sold = (Cost of good sold) : (total number of weeks in a year)

    = $7.547.54 million : 52 weeks

    = $145.145 million

    Now the weeks of supply last year is calculated by

    = (Inventory) : (weekly cost of good sold)

    = ($1.481.48 million) : ($145.145 million)

    = $10.20
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