Assignment:
ABC Co. while reviewing its performance found the following:
|
Current Year |
Last year |
| Cost of goods sold |
$500,000 |
$650,000 |
| Inventory Investment |
$60,000 |
$70,000 |
- Find weeks of supply for current and last year. Assume 52 weeks per year.
- Find inventory turnover for current and last year.
- Comment on performance this year compared to last year.
Provide complete and step by step solution for the question and show calculations and use formulas.