Question

A high-tech computer company reported the following information in a recent annual report (all dollar amounts are expressed in millions): Net revenue $49,205 Cost of Goods Sold $40,190 Production materials on-hand $228 Work-in-process and finished goods on-hand $231 What is the current value of weeks of supply

Answer 1

See below

Step-by-step explanation:

With regards to the above information, current value of the week of supply is calculated as shown below;

The week of supply Informs the manager how long the current on hand varies

= $228 ÷ $231

= 0.99 weeks