Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.47 million and inventory was $1.49 million. This year, costs of goods sold is $8.64 million and inventory investment is $1.59million.a) What was its weeks of supply last year?b) What is its weeks of supply this year?c) Is Mattress Wholesalers making progress in its inventory reduction effort?Since the number of weeks that cover the supply hasweeks (round your response to two decimal places).weeks (round your response to two decimal places).✔ Mattress Wholesalers is makingin its inventory-reduction effort.

Here, given the data stated below, From the above dataset, I would answer all the given questions,…

Answered: a) What was its weeks of supply last…

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

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Chapter15: Retailing, Direct Marketing, And Wholesaling

Section15.1: L.l.bean: Open 24/7, Click Or Brick

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Matt ress Wholesalers, Inc., is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.5 million and inventory was $ 1.5 million. This year, cost ofgoods sold is $8.6 million and inventory investment is $1.6 million. Ja) What were the weeks of supply last year?b) What are the weeks of supply this year?c) Is Mattress Wholesalers making progress in its inventoryreduction effort?
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