Calculate the expected inventory turnover

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Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. Last year the cost of goods sold at GR was $3,000,000. Genuine Reproductions (GR) plans on increasing next year’s sales by 20 percent while maintaining its average inventory in dollars of $250,000.

Calculate the expected inventory turnover for next year Inventory Turnover = inventory turns (Round your answer to 1 decimal place, the tolerance is +/-0.1.) LINK TO TEXT

Calculate the expected weeks of supply. Assume 52 weeks per year. Weeks of Supply = weeks of supply (Round your answer to 1 decimal place, the tolerance is +/-0.1.)

Reference no: EM131118397

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