Closest value-what was the outlets weeks-of-supply

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Reference no: EM13840564

Jack's Outlet had end-of-year assets of $5 million last year. The inventory was worth $1 million on average. The annual cost of goods sold was $6 million. What was the outlet's weeks-of-supply last year? Assume that there are 52 weeks a year. Find the closest value.

A) 3.5 weeks

B) 4.3 weeks

C) 8.7 weeks

D) 10.4 weeks

Reference no: EM13840564

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