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If the average aggregate inventory value is $1, 200,000. Sales revenue is $950,000, and the cost of goods sold is $600,000, which of the following is weeks of supply? 1, 040 606 104 60.6
Expert Answer
8.
Correct Answer:
C. 104
Working Note:
Weeks of supply = no. of weeks in a year / inventory turnover =52/(cost of goods sold / average inventory)
Weeks of supply = 52/(600000/1200000) = 104
