What is the weeks of supply, assuming 52 weeks per year

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Reference no: EM133310946

Question: Urbanite Hip is a clothing store catering to college students and young professionals. It carries fashion merchandise and wants to ensure that it is using inventory effectively. Cost of goods sold is $5,000,000 and average inventory in dollars is $250,000.

What is their inventory turnover?
What is the weeks of supply, assuming 52 weeks per year?
UrbaniteHip is expecting to increase sales by 10% next year while maintaining the same level of average inventory. How will their inventory turnover and weeks of supply change?

Reference no: EM133310946

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