1. Consider a firm with a 2012 net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, how many weeks of supply does the firm hold?
(please show me the whole procsses of the work)
2. A second mover is a firm that responds to a first mover’s competitive actions, often through imitation. Is there anything unethical about how a second mover engages in competition? Why or why not?